On August 1, the CEO of the Galaxy Digital cryptocurrency bank, Mike Novogratz, spoke about Bitcoin in an interview. According to Novogratz, the cost of the first cryptocurrency will not fall below $5000.
Bitcoin course: Novogratz opinion
According to information from the video recording of the interview for CNBC, Novogratz also holds gold in its investment portfolio, in addition to cryptocurrency. According to the CEO of Galaxy Digital, foreign exchange reserves account for about 7% of his portfolio.
Novogratz also shared his thoughts on the course of the first cryptocurrency, Bitcoin. According to him, the value of the asset will no longer drop to $5,000, but will grow with a maximum lower correction within $6,000.
"Will Bitcoin ever return to the $5,000 mark?" I think this cannot happen. If it drops below $8,500, I'll be nervous. If the rate drops below $6,000, I’ll be even more nervous" – Mike Novogratz, interview for CNBC.
At the same time, the latest Bitcoin news is talking about restoring the rate to $10,500.
The CEO of Galaxy Digital Bank is confident that Bitcoin will not fall. Recall that on July 30, the US Senate Banking Committee on the regulatory framework for cryptocurrencies and blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details held a hearing entitled "Study of the regulatory framework for digital currencies and blockchain."
Editor: Alyona Nabok