Crypto News

Mike Novogratz sees no dangers in the bitcoin fall below $10 thousand.

Galaxy Digital founder Mike Novogratz believes that the negative movement of bitcoin – no more than a correction after prolonged growth. This opinion of the specialist shared during his interview with Bloomberg TV.

The head of the Bank is confident that the fall of exchange rate of bitcoin can be explained by the fact that the asset is a necessary correction after a long period of growth.

“Bitcoin started the year with $3800, then it was trading at $3500, and now his course is in the neighborhood of $10 200. According to statistics, the overall growth of bitcoin exceeds 200%,” – he supported his opinion by a specialist.

It is noteworthy that Mike Novogratz gave an interview before the start of the decline in the exchange rate of bitcoin. Despite the fact that at the moment bitcoin is trading significantly below $10 200, according to the ideology, the fall should be considered as a correction.

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We will remind, earlier the head of the Bank shared with kriptosmartfon information about that in between achieving bitcoin local maximum, he sold part of my BTC savings. In the future, Mike Novogratz told about that ahead of cryptocurrency may have to wait a long period of consolidation.

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Specialist focuses on the imminent arrival of institutional investors in the cryptocurrency market. In his opinion, with reinforcement industry is a major investment, cryptologist will be able to see really strong growth rate your favorite assets.

Recall, Mike Novogratz is a bitcoin optimist. Informed specialist called
participants of the crypto community to sell Litecoin in favor of BTC.

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