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Summary: Mike Novogratz has warned the crypto community against picking price bottoms as it is dangerous. He also pointed out that most altcoins are down by over 80% from their highs, and the losses in the 2018 bear market were over 95%. Consequently, altcoins will likely drop by another 70% from their current
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The tweet links to a longer letter in which Novogratz reminded readers that it has been a "brutal macro backdrop" for all risk assets in 2022, with any number of growth stocks down 50%-70%, core crypto assets like bitcoin (BTC) and ether (ETH) off nearly 60%, and altcoins lower by
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Mike Novogratz has once again reiterated his support for the $500,000 future prediction for bitcoin. The Galaxy Digital CEO who was recently at the Bitcoin 2022 conference held in Miami had spoken in favor of the cryptocurrency once more, highlighting the future potential of the digital asset. Novogratz gave his
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The narrative around Bitcoin being digital gold is beginning to “hinder” the cryptocurrency industry, said Gavin Michael, CEO of crypto exchange Bakkt (BKKT), while Galaxy Digital (GLXY.TO) CEO Mike Novogratz disagreed, calling Bitcoin “ready for primetime.” Source
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Bitcoin is still trading above $40,000. A long way from where it’s coming from, also a long way from where it’s expected to go. A lot of prominent figures in the space continue to make their predictions for the leading cryptocurrencies public with quite optimistic forecasts. The latest in this
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Crypto proponent Michael Novogratz has made an ambitious prediction regarding the world’s leading digital currency by market cap, Bitcoin. Novogratz said cryptos will soon go viral like the internet and the price of Bitcoin could hit $500,000 much sooner than the world expects. Former hedge fund manager Mike Novogratz has said
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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
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Bitcoin has been on the rise with the start of the new month. The first week of October brought with it good tidings as top cryptocurrencies in the market had begun to rally for the first time in weeks. Bitcoin hit a new 4-month high on Friday with its break
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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’
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The crypto market has been subjected to major sell-offs since assets began to crash across the board. September which has been a historically bloody month for the market has stayed true to nature as various cryptocurrencies suffered crashes that dragged the market down. Due to this, over $1 billion longs
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