Michael Novogratz

Anjali Sundaram | CNBC

(This story is for CNBC PRO subscribers only.)

Bitcoin jumped to its highest level in nearly three years on Wednesday, and Galaxy Digital CEO Michael Novogratz believes the comeback rally is just getting started.

Novogratz, a known cryptocurrency bull, sees bitcoin rising as high as $55,000 or $60,000 by the end of next year as it increasingly displaces gold in investors’ portfolios.

Originally published at CNBC

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