Mike Novogratz: it will be difficult for governments to regulate bitcoin

The growth of bitcoin prices has attracted increasing attention of governments, but to regulate the cryptocurrency it will be difficult, said Mike Novogratz (Michael Novogratz). About it the General Director of Galaxy Investment Partners, said in an interview with CNBC.

“I have concerns that if the price movement goes higher, we will get more regulation. But I think it’s hard to close. I don’t think that was possible,” said Novogratz.

The price of bitcoin is increasing rapidly and may soon reach $25 thousand, said the former Manager of a hedge Fund Fortress Investment. This causes concern among government officials. He noted that regulators in many countries, including the United States, working with the digital currency and “intrigued” by it.

Now Mike Novogratz launches bitcoin hedge Fund with assets of $500 million. however, he believes that bitcoin is in a phase of “speculative madness”, and who knows how long it will last.

Novogratz expressed confidence that in the future will be existing digital currency for various purposes, but bitcoin in this role, he sees.

“Bitcoin wins as digital gold. I don’t think it will be currency,” he concluded.

Quite the opposite opinion about this was expressed by the co-founder of Yahoo Jerry Yang (Jerry Yang) who believes in bitcoin as a currency.

Earlier, Michael Novogratz said that by the end of 2018 bitcoin price could reach $40 thousand.


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