RATE Group | Bitcoin Bull Mike Novogratz Has A Stark Warning For The Crypto Community
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Bitcoin Bull Mike Novogratz Has A Stark Warning For The Crypto Community

Bitcoin Bull Mike Novogratz Has A Stark Warning For The Crypto Community

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Bitcoin is down more than 80% from its all-time high, having plummetted since the beginning of this year, dragging most major cryptocurrencies with it, including the likes of ethereum and Ripple’s XRP.

This time last year bitcoin was fast approaching its all-time high of near $20,000 and investors and traders were euphoric over bitcoin’s epic 2017 bull run.

Now, bitcoin bulls have sobered up in the face of an overwhelming bear market that continues to maul the bitcoin price and former Goldman Sachs partner and founder of cryptocurrency merchant bank Galaxy Digital HoldingsĀ Mike Novogratz has a stark warning for the crypto faithful.

Bitcoin and other major cryptocurrencies haveĀ been heavily sold off throughout 2018.Getty

Many in the bitcoin and cryptocurrency community believe that adoption of digital tokens will revolutionize the financial services industry (and perhaps society itself), using blockchain, bitcoin’s underlying technology, to improve…

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