Billionaire Mike Novogratz says that Bitcoin market is in good shape-China has less and less influence on crypto-markets and prices
Billionaire Mike Novogratz says that Bitcoin market is in good shape-China has less and less influence on crypto-markets and prices
The billion-dollar investor and CEO of Galaxy Digital, Mike Novogratz, says that the Bitcoin market is in good shape and states that he sees that "so much capital flows into the room". He also commented on China's dwindling influence on the cryptoma market.
billionaire investor says that the market is "in good shape" - "I am not nervous"
Mike Novogratz, CEO von Galaxy Digital, kommentierte den Kryptomarkt und die neuesten Nachrichten von Chinas Cong on on cryptocurrencies on Friday.
he explained that the crypto market was declining for three reasons. The first is that China repeats its anti-crypto and anti-freedom attitude. The second is that the US Federal Reserve "starts Tafer", and the third is the great overhead resistance for Bitcoin and Ether. Novogratz found that he believed btc and eth will consolidate.
At the time of writing, the price for Bitcoin is $ 43,695 and the price for ether at $ 3,090, based on data from Bitcoin.com Markets.
In addition, the billionaire CEO believes that the Bitcoin market is in good shape. In an interview with CNBC last week, he explained that the level of $ 40,000 for Bitcoin and $ 2,800 for Ethereum are "very important values that people have to watch", and noted:
As long as they hold, I think that the market is in good shape.
Novogratz continued: "I only saw engagement activities from our investment customers and our corporate customers. The level of demand, the level of the business was not higher." He continued:
We see how much capital comes into the room, in a private and public way. I'm not nervous.
Comment on China's influence on the prices of cryptocurrencies, in particular btc and ETH said: "Five months ago, it was much more important before China basically said that we would prohibit crypto so that the miner china had left."
he continued: "China was never a great source of innovation in this area, but it was a big source for trade and I think there is still a lot of trade in China ... The Chinese are smart, they know how to use VPNs, but it is more difficult and difficult and therefore I think it is less and less important."
Do you agree to Mike Novogratz? Let us know in the comment area below.
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