Billionaire Investor Mike Novogratz ⋆ ZyCrypto
The post Billionaire Investor Mike Novogratz ⋆ ZyCrypto appeared on BitcoinEthereumNews.com. Advertisement     Mike Novogratz, the billionaire CEO of Galaxy Digital, is bullish on Bitcoin and recently stated that the premier digital currency is likely to reach $150k in the coming months. He gave these comments during a recent interview on CNBC’s popular program Squawk Box. Novogratz cited strong market sentiment and favourable market conditions for his prediction. Novogratz said: “Yeah, listen, we’re in price discovery in a lot of these things, and $150k seems to me a decent target…., we have seen sellers that have come in, right? And so it’s not a one-directional trade; there have been some sellers that have come in and slowed things down.” Donald Trump’s Move to Lower Interest Rates Novogratz thought that the current uptrend is likely to continue till the market sentiment holds. However, he did point out that the situation could change over time, especially if President Donald Trump can lower interest rates, as he has been trying to do for the better part of the last few months. He continued: Advertisement   “If Trump changes his mind, you know, and says, hey, we’ve done such good work, the economy doesn’t need lower rates, that would change my thesis. But until that happens, I think we’re headed towards $150k.” Is $150k Achievable? Bitcoin is currently trading right around the $118k valuation, and the $150k price level is a major milestone but a very realistic target for the digital currency as things stand. The top cryptocurrency by market capitalization will only need to appreciate by 27% to be able to tackle this major stepping stone, and the bulls are in the zone as we head into the much-anticipated end of the 2024-2025 bull market. So, by all measures, this prediction from Novogratz is quite pragmatic. Still, it contrasts with his…
The post Billionaire Investor Mike Novogratz ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.
Advertisement Mike Novogratz, the billionaire CEO of Galaxy Digital, is bullish on Bitcoin and recently stated that the premier digital currency is likely to reach $150k in the coming months. He gave these comments during a recent interview on CNBC’s popular program Squawk Box. Novogratz cited strong market sentiment and favourable market conditions for his prediction. Novogratz said: “Yeah, listen, we’re in price discovery in a lot of these things, and $150k seems to me a decent target…., we have seen sellers that have come in, right? And so it’s not a one-directional trade; there have been some sellers that have come in and slowed things down.” Donald Trump’s Move to Lower Interest Rates Novogratz thought that the current uptrend is likely to continue till the market sentiment holds. However, he did point out that the situation could change over time, especially if President Donald Trump can lower interest rates, as he has been trying to do for the better part of the last few months. He continued: Advertisement “If Trump changes his mind, you know, and says, hey, we’ve done such good work, the economy doesn’t need lower rates, that would change my thesis. But until that happens, I think we’re headed towards $150k.” Is $150k Achievable? Bitcoin is currently trading right around the $118k valuation, and the $150k price level is a major milestone but a very realistic target for the digital currency as things stand. The top cryptocurrency by market capitalization will only need to appreciate by 27% to be able to tackle this major stepping stone, and the bulls are in the zone as we head into the much-anticipated end of the 2024-2025 bull market. So, by all measures, this prediction from Novogratz is quite pragmatic. Still, it contrasts with his…
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