NFT investors should take profits and invest in BTC and ETH
NFT investors should take profits and invest in BTC and ETH
Michael Novogratz-the CEO of Galaxy Digital and a prominent Bitcoin bull-thinks that prices that people pay for NFT products are "in no way, form or form". Therefore, you should consider "taking some money off the table" and investing it in the two leading digital assets.
dump NFTS, take BTC and ETH
speak to the London's crypto conference TOKEN2049 , the crypto billionaire Mike Novogratz broadcast its thoughts on non-fungable tokens, in particular at their increasing prices and implementation in the financial network.
The CEO of Galaxy Digital believes that NFT fans are very committed. As such, they pay surreal sums to acquire digital works of art:
"This is in no way normal, shape or form," he said.
As the ultimate supporter of Bitcoin, Novogratz riet investors to take some profits from the NFT market and to move them to the primary cryptocurrency or Ethereum:
"It seems to be a pretty good time to book at least a few profits and to fold them back into Bitcoin or Ethereum or another token."
Although Novogratz previously considered a BTC maximumist, he started to support Ethereum. Recently he even specified that the blockchain project of Vitalik Buterin "could one day become the greatest cryptocurrency". However, he added a “completely different” application than Bitcoin.
On the other hand, Novogratz did not completely ignore the advantages of NFTs. He believes that the blockchain networks they use would play an important role in the future of technology.
is it time for $ 100,000 for BTC?
In another Interview For CNBC, the CEO from Galaxy Digital outlined its short-term price forecast leading digital asset and said that the last part of the year would be full of "parabolic movements". He praised Bitcoin's recent performance as a price achieved almost 56,000 US dollar-the highest stood since May this year.
After his financial experience, this would attract even more funds from investors by the end of 2021:
"A bit like the Kentucky Derby The horse, which in the end runs around the curve, is always the fastest ... The assets that are in front in the fourth quarter usually have great placements because everyone rises and the ratings upstairs."
The price of Bitcoin at $ 80,000 or even reaching the milestone of $ 100,000 in the next few months would be no surprise, said Novogratz. On the other hand, the USD value of Ethereum can land
in the same period.Subsequently, Novogratz mentioned the stability of the cryptocurrency market and reminded that the Chinese ban of the investment class could not harm her in the long run. In addition, "it continues and it holds because it contains both talent and money."
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