After setting a new record price at $74,000, Bitcoin (BTC) is sinking in a fall that has caught the attention of the crypto community. Mike Novogratz, one of its prominent members, has spoken out on the subject. He believes that the price of the flagship crypto will undergo a significant correction. Here are his arguments.
The insightful tweet from Novogratz about Bitcoin and Grayscale reveals his optimism, predicting higher prices despite the challenges
The year 2023 was generally difficult for stakeholders in the crypto industry, particularly in terms of financing. Nevertheless, with the resurgence of cryptocurrencies and the prospects on the horizon, many industry players believe that things will improve in 2024. However, not everyone shares this optimism.
Mike Novogratz, the CEO of Galaxy Digital, was until now known for being a critic of Ripple's XRP. The expert has, however, changed his mind regarding the relevance of this cryptocurrency, publicly admitting that he was wrong.