Bitcoin Is Becoming a Digital Gold Story: Mike Novogratz
Bitcoin has undergone a strong surge over the past few weeks, strongly outperforming gold. The price of the leading precious metal has actually dropped strongly over the past few weeks, underperforming the stock market and BTC massively. Many think that it is Bitcoin that may be sucking the wind out of the sails of gold. […]
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The next Bitcoin rally will require fast and scalable systems, which the community is yet to build, Galaxy Digital CEO Mike Novogratz. The next Bitcoin (BTC) bull run will have to be much different from historical cryptocurrency rallies in terms of story and utility, Galaxy Digital CEO Mike Novogratz believes.Compared to previous bull runs, the next Bitcoin rally will have to be more focused on utility and less on the story, Novogratz predicted at a panel at the Token2049 crypto event on Wednesday.One of the biggest historical rallies, the Bitcoin bull run of 2017, was mostly about the....
Galaxy Digital CEO Mike Novogratz expects the price of bitcoin to bottom at around $38K-$40K. “I know big institutions who are going through their process to put positions on. They’re going to see those as attractive levels to buy,” he said.
Mike Novogratz on Future Outlook of Crypto Market
The CEO of Galaxy Digital, Mike Novogratz, talked about the outlook for the cryptocurrency market in an interview with CNBC last week. He was asked about the falling prices of cryptocurrencies, particularly bitcoin.
“Part of the bitcoin story was the....
Mike Novogratz, a billionaire investor and former hedge fund manager, has always defended bitcoin when it acts erratically, but he recently stated in an interview that the world’s most valuable digital currency will never be used for payments. Bitcoin Won’t Be Used For Payments, Says Novogratz Mike Novogratz said bitcoin will not be used as […]
Bitcoin bull and Galaxy Digital CEO, Mike Novogratz, says bitcoin is for everyone. He argues that those committing 2% to 3% of their net worth to this digital asset today will see substantial gains in five years. Novogratz adds that while bitcoin remains a volatile asset he does not expect its price to drop to levels seen in March when it crashed to under $4,000. Instead, he asserts that “bitcoin prices shouldn’t fall below $12,000 in this current cycle.” Evidence of a Supporting Bitcoin Price According to a report, the bitcoin bull says unlike 2017, current....
Mike Novogratz, the CEO of Galaxy Digital and bitcoin bull has warned that the United States’ failure to have its own digital currency could be an “existential crisis.” However, the CEO says the country’s fate is still in its hands. Novogratz made these comments a few days after former U.S. Secretary of State, Mike Pompeo suggested that the United States is not going to have a digital dollar anytime soon. Distortions in Financial System Still, Novogratz tells an interviewer that the United States’ success on this front will be dependent on the way the country....