American Crypto Investor Michael Novogratz assumes that Bitcoin has the potential to go to the moon. He believes the Feds are holding the Bitcoin rally to the moon.

While speaking at the ‘Bitcoin 2022’ conference in Miami, Novogratz asserted that the BTC price would eventually hit $500,000, and ultimately 1 Bitcoin will be worth $1 million per Bitcoin.

Michael Novogratz revealed that he prays that elites of the U.S economy do not mess with Bitcoin and hinder its potential growth.

As per the American Billanior, once the feds step back, Bitcoin will see an unpretending growth and go to the moon.

‘Wall Street Bull’ Statue in Miami

Miami aspires to be a financial magnet and stay ahead in the race to redeem the Bitcoin boom. The city is holding a multiday event named ‘Bitcoin 2022’ with many crypto leaders and billionaire investors. More than 25,000 participants have taken part in this crypto event. During the beginning of this event, Miami Mayor Francis Suarez unveiled the “Charging Bull” statue, a bull resembling the original Bull of Wall Street. It signifies the Miami aspiration of the “Future of Finance.”

Bitcoin is currently going through a turbulent phase and cannot decide its movement. The price was rejected brutally from $48,000 resistance, and within a couple of days, the price declined by more than 8%. BTC is going through a ranging trend, and the technical parameters suggest an upward move. The price is currently holding the $43 as local support and gaining momentum to bounce back.