Bitcoin (BTC) will hit $ 65,000 due to a combination of low supply and “lots of new buyers,” says lead investor Mike Novogratz.

In a popular Twitter debate on November 17, Novogratz, known for his outstanding Bitcoin sockets, told actress Maisie Williams not to hesitate to buy the cryptocurrency.

Novogratz on bitcoin: the network’s influence “prevails”
Williams released a survey asking his Twitter followers if investing in BTC was worth it. At the time of the press release, the decision was fragmented: 47% of the 750,000 responses were in favor of investment.

The vote quickly caught the attention of prominent Twitter users, including Tesla CEO Elon Musk.

Novogratz commented: “Yesterday I bought a set of BTC at 15,800. Its price reached 20 thousand, and after that – 65 thousand.”

“The influence of the network prevails. I see a lot of new buyers and very few offers. It’s easier to trade here than 11K. So yes, buy. ”
Williams did not reveal what made her suddenly think about Bitcoin, as the hype came amid almost 50% monthly Bitcoin / USD gains and the pair has closed the $ 16,700 circle at time of writing.

The low level bull ran
Other responses included podcast host Stephan Levera, Blockstream security officer Samson Moe, and Barry Silbert, CEO of the cryptocurrency giant fund. Silbert’s asset manager, Grayscale, is responsible for purchasing an ever-growing supply of bitcoins, with holdings exceeding 500,000 BTC ($ 8.37 billion) this week.

As reported by Cointelegraph, the recent rise in bitcoin has been visible due to a lack of media interest in it.

Even though Bitcoin is at levels not used by a token for over two weeks in history, it has yet to unleash the same ad craze that happened with its rise to $ 20,000 full-time in 2017.

But behind the scenes, institutions that were previously unlikely to be supporters of the idea of ​​a future in which bitcoin will play a major role. Among them was Citibank this week, which predicted the Bitcoin price to reach $ 318,000 in December 2021.

Source: CoinTelegraph