RATE Group | Is It Time to buy Bitcoin? – Mike Novogratz
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Is It Time to buy Bitcoin? – Mike Novogratz

01 Apr Is It Time to buy Bitcoin? – Mike Novogratz

Posted at 10:06h in Cryptocurrency News by

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  • Time to buy Bitcoin even as the FED keeps printing money to cushion the US economy from COVID-19 shocks.
  • Bitcoin price 21 million maximum supply remains the biggest attraction.
  • Bitcoin price risks diving to retest $5,800 support if $6,200 gives in to the growing selling pressure.

The CEO of Galaxy Digital Michael Novogratz remains optimistic that this is the time to buy Bitcoin. In a message sent via Twitter to his followers, Novogratz simply tells them to “Buy BTC.” With a touch of sarcasm, the Bitcoin evangelist said that “money grows on trees in 2020.”

It is clear that money doesn’t grow on trees. Most of us know this as one of the life lessons delivered to us by our parents when growing up. The saying was used to pass the message to children that money is a scars commodity and cannot be misused.

However, this old adage has lost meaning for the United States Federal Reserve Bank and other central banks around the world as they keep printing…

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