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

Mike Novogratz said that he does not think the Bitcoin price will continue to decline much further.

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”…

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2018-12-19 01:20:00

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Written by Cointelegraph

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