Bitcoin in 'good shape' as long as BTC price stays above $40K — Mike Novogratz
The veteran Bitcoin bull says he's not "nervous" about crypto on the back of the institutional investor demand he has witnessed. Bitcoin (BTC) won’t be making Galaxy Digital CEO Mike Novogratz “nervous” unless it dips below $40,000.In an interview with CNBC on Sept. 21, the infamously bullish investor calmed fears about the latest sell-off across cryptocurrency.Novogratz on institutions: “I see nothing but engagement and activity”Despite the macro environment wobbling over China and Bitcoin shedding up to 10% this week, there are few bearish voices among well-known crypto industry....
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The billionaire investor and CEO of Galaxy Digital, Mike Novogratz, says the bitcoin market is in good shape, noting that he sees “so much capital coming into the space.” He also commented on the dwindling influence China has over the crypto market.
Billionaire Investor Says the Market Is ‘in Good Shape’ — ‘I’m Not Nervous’
Galaxy Digital CEO Mike Novogratz commented on the crypto market and the latest news of China’s crackdown on cryptocurrencies Friday.
He explained that the crypto market was down for....
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 […]
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....
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....
Galaxy Digital lost a whopping $175.8 million in quarter 2, but Mike Novogratz talks about the benefits of adopting digital assets. Mike Novogratz’s firm showed that it made lesser in the second quarter of 2021 than it got in the first quarter. The firm posted the report, and it showed the shocking losses. In the […]