Galaxy CEO Novogratz Sees Imminent Bitcoin Breakout To $130,000
A week of steady closes above the psychologically potent $100,000 mark has sharpened Mike Novogratz’s conviction that Bitcoin is once again approaching escape velocity. Speaking on the latest “Galaxy Brains” podcast, the Galaxy Digital founder traced the market’s arc back to its late-March nadir—“Bitcoin went down and kissed right where it broke out: $74,000”—and argued that the subsequent recovery has rebuilt the structural bid that drives decisive trend inflections. “Bitcoin stops going down, it finds its buyers, and then it starts regaining momentum; and as soon as it gets momentum,....
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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....
Amid recent fake news that rattled the crypto community, the anticipation and excitement surrounding the potential approval of Bitcoin (BTC) spot exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC) have not waned. Adding to the growing optimism, Galaxy Digital CEO Mike Novogratz has provided further hope for the imminent approval of these […]
Galaxy Digital CEO Michael Novogratz says that cryptocurrencies, such as bitcoin, have bounced back because institutional investors are buying. Responding to U.S. Senator Elizabeth Warren’s anti-crypto stance, he stated, “We need to do a much better job going to D.C.” to educate lawmakers. Novogratz Says Institutions Are Buying Galaxy Digital CEO Mike Novogratz talked about the outlook for bitcoin in an interview with CNBC Wednesday. He was asked how he sees bitcoin’s price action and what he thinks has been driving the price of the cryptocurrency back to the....
On May 18, the billionaire investor and crypto proponent Mike Novogratz published a post about the recent Terra blockchain fallout. Novogratz and his firm Galaxy Digital were big believers in the Terra project, and the investor even got a LUNA-centric tattoo on his arm. Despite the recent events and losses, the crypto economy felt this past week, Novogratz stressed that he still firmly believes the “crypto revolution is here to stay.” Novogratz Reflects on Terra’s Demise: ‘It’s Time to Talk About Last Week’ Just recently, Bitcoin.com News reported....
Galaxy Digital, the crypto investment management firm founded by bitcoin bull Mike Novogratz, has revealed plans to launch a bitcoin fund in Canada. In a statement published Nov. 16, Galaxy Digital said it has partnered with major Canadian fund manager CI Global Asset Management for the launch. The fund is called the “CI Galaxy Bitcoin Fund” and it will be open to the general public. Galaxy Digital, which primarily focuses on corporate investors, has since received approval from securities regulators for its preliminary prospectus for an initial public offering (IPO), it added.....