Cryptocurrency

02/08/19 06:10 UTC-4

The CEO of Galaxy Digital Bank is confident that the Bitcoin rate will not fall

The head of the Galaxy Digital bank is sure that Bitcoin will not fall
The head of the Galaxy Digital bank is sure that Bitcoin will not fall

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

See also: "New Everton Football Club partnership with eToro crypto-platform"

#cryptocurrency #Bitcoin #Bitcoincourse #opinionaboutBitcoin #MikeNovogratz #GalaxyDigital

Comments

Similar

16/08/19 07:00 UTC-4

A Wall Street analyst is confident in the growth of Bitcoin

Yesterday, August 15, a prominent Wall Street analyst and co-founder of Fundstrat Global Advisors financial agency, Tom Lee, said he was confident in the imminent increase in the value of digital gold. According to an interview at Fox Business, by the end of 2019, cryptocurrency could hit a new historic high.

13/08/19 07:49 UTC-4

Ethereum cryptocurrency will be at $1000: survey results

A few days ago, on August 10, Nick Patel, a well-known trader and author of the bestseller about altcoins, conducted a social poll on his Twitter, which concerned the value of the second cryptocurrency by capitalization level – Ethereum. The results showed that more than half of the respondents are sure that the coin rate will be above a thousand US dollars.

31/07/19 05:10 UTC-4

The US Senate held a hearing on regulatory cryptocurrency issues

Following the previous hearings in mid-July, on July 30, the US Senate Banking Committee on the regulatory framework for cryptocurrencies and blockchains held a hearing entitled "Study of the regulatory framework for digital currencies and blockchain."

Cryptocurrency
Exchanges
Mining
ICO, ІРО, STO
Fiat money, funds
Other