RATE Group | Galaxy Digital’s Novogratz Does Not Expect Bitcoin Price to Sink Much More
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Galaxy Digital’s Novogratz Does Not Expect Bitcoin Price to Sink Much More

19 Dec Galaxy Digital’s Novogratz Does Not Expect Bitcoin Price to Sink Much More

Posted at 03:22h in Bitcoin News by

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Mike Novogratz, an ex-Goldman Sachs partner and founder of crypto merchant bank Galaxy Digital, said that he does not expect the Bitcoin (BTC) price to decline much further in an interview published by Bloomberg on Dec. 18.

Speaking on Bloomberg Television, Novogratz opined that there will not be much further decline in the Bitcoin price, despite the recent slump in the market. Novogratz projected that the Bitcoin price will stay between $3,000 and $6,000 in the foreseeable future.

Novogratz continued, saying that the macro trading environment has become more interesting than the digital assets market:

“We are entering a cool era for macro. Crypto is less exciting now versus macro. Macro got quite boring for many years, and crypto was really exciting.”

The investor also stated that he is “fairly certain” that Bitcoin will be a digital store of wealth, along with the decentralized worldwide computing system web 3.0. In Novogratz’s view, there will be “a lot of tokenized…

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