tldr; Mike Novogratz, CEO of crypto investment firm Galaxy Digital, said Bitcoin will reach $500,000 in the next five years or so due to its unique features and adoption pace. He also said that the recent turmoil in the crypto market was a "full-fledged credit crisis" and admitted he was "darn wrong" about the magnitude of leverage in the system.
This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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