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Galaxy Digital CEO Mike Novogratz says he wouldn’t be surprised if the price of bitcoin returns to $30,000 next month. “When I look at the price action, when I look at the excitement of the customers calling, the FOMO [fear of missing out] building up, it wouldn’t surprise me,” the
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Galaxy Digital Holdings CEO Mike Novogratz hosed down fears over the crisis facing Digital Currency Group (DCG) and Genesis saying while it’s “not good news,” it won’t “include a lot of selling.”In a Jan. 10 interview on CNBC’s Squawk Box Novogratz said he expects the current debacle facing DCG and
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Galaxy Digital Holdings CEO Mike Novogratz has called the Helios mining deal a “transformative acquisition” for the firm as it works to increase its exposure to the Bitcoin mining sector. The crypto investment firm’s $65 million acquisition of Argo Blockchain’s flagship mining facility was announced on Dec. 28 as part
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Galaxy Digital’s CEO Mike Novogratz talked to Andrew Ross Sorkin on CNBC’s Squawk Box and gave his reaction to Sam Bankman-Fried’s (SBF) recent New York Times (NYT) Dealbook Summit interview. Novogratz said that SBF was “delusional” and insisted that the former FTX CEO needs to be prosecuted and further said,
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“Fue terrible cuando todo colapsó”, comentó. “Cuando un token pasa de 20 centavos a US$100 y no se aprovechan las ganancias, es una locura”. El problema fue la falta de una “metodología de gestión de riesgo” para muchos de los inversores minoristas que compraron con entusiasmo el token mientras iba
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Bitcoin price has been a topic of debate since the digital asset first made its entry into the mainstream over a decade ago. With its continued growth, a lot of people have come forward to proffer their predictions for the price of the cryptocurrency both in the long and the
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Summary: Bitcoin proponent Mike Novogratz reaffirmed his infamous “$500K in 5 years” prediction during the Bloomberg Crypto Summit.Novogratz made similar remarks back in March a few weeks before the markets tanked.Since his March comments, Bitcoin has fallen below $20,000 and bounced back above the same level.The leading cryptocurrency is in a
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As for how Galaxy Digital (GLXY.TO) and others might navigate the next bull market, Novogratz says to "fight the impulse to be so greedy." Those who got into Luna early enough had an easy 300X return, he said, and that's just not reality in the markets. "When ecosystems go real
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For crypto and equity markets, Novogratz isn’t banking on a V-shaped recovery. Instead, he predicts a combination of market bottoms, ups-and-downs and sideways movement until a “new narrative emerges” on the macro economic environment and interest rates. The U.S. Federal Reserve increasing interest rates to lower inflation is causing hiccups
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Summary: Mike Novogratz believes that Bitcoin will lead the next rally when the US Federal reserve pauses its monetary tightening policy. When Bitcoin rallies, good crypto projects will follow suit. According to Mr. Novogratz, the crypto industry will not go away and is currently adjusting to the popping of the asset bubble caused
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