Mike Novogratz Says Bitcoin Could Return to $30,000 Next Month
Galaxy Digital CEO Mike Novogratz shares his thoughts on the value of bitcoin and his perspective on it at a Bank of America conference call on Wednesday. He will continue to work as a Bitcoin advocate for a long time and by the end of next month, according to him, Bitcoin can come back to $30000. He also said that when he sees the price action, he looks at the customers to call him and sees the enthusiasm of the customers. FOMO [fear of missing out] continues to rise so they wouldn’t be surprised if we were at $30,000 by the end of the quarter.
Further he says that I have definitely analyzed bitcoin and on the basis of this I have been saying my point till now and according to his earlier statement it was said that if bitcoin ends at $30000 on 2022 then it would make him the “happiest man”.
The CEO of Galaxy Digital was previously very bullish about the price of bitcoin and said in March last year that bitcoin should probably be around $500,000 after 5 years and this is a demand while he said in December I would like to revise my estimate and highlight that it will take another 5 years for the value of bitcoin to reach the stated value. They changed their messaging simply because Federal Reserve Chairman Jerome Powell was definitely going to raise interest rates in the making of his plan to control inflation and was definitely connected to the people. And that’s why the entire market was facing losses. At the time of writing, bitcoin is trading at $24,567, up 8% over the past 24 hours and 16% over the past 30 days. The Galaxy Digital Boss explained that I doubt the explosive material we have this year as Chairman of the Federal Reserve is Chairman Powell … and he is currently doing what he is supposed to do. want and do what they want and have nothing to do with anyone and going forward, the Galaxy Digital boss certainly doesn’t think the Fed will pivot and cut any time soon. Galaxy Digital Boss is definitely not the only person to predict the price of bitcoin as many people have made many predictions regarding it. Robert Kiyosaki, author of Rich Dad Poor Dad, also expects bitcoin to reach $500,000 by 2025, and of course crypto-focused investment firm Pantera Capital has commented that they are already in a bitcoin bull cycle. Investment management firm Arc Invest says that bitcoin could become a multi-trillion dollar market and predicts that There are speculations that bitcoin could reach $1.48 million per coin.