Key Points: Galaxy Digital CEO Mike Novogratz revised his prediction for Bitcoin’s price, saying that he would be happy if BTC reached $30,000 before the end of 2018.
Novogratz is still bullish on crypto markets, citing rising investor interest. He predicts that Bitcoin will reach $500,000 within five years, March 2022.
Novogratz acknowledges that this is a substantial decrease from his optimistic forecast of $500,000. Novogratz admits that this is a substantial decrease from his optimistic forecast of $500,000. Novogratz acknowledges that this is a significant decrease from his optimistic forecast of $500,000. Novogratz believes that the Fed will not change their stance on inflation rates anytime soon. “Jerome Powell is doing exactly the same thing he stated in previous statements, so I don’t see Fed changing its stance on interest rate inflation anytime soon,” said Mike Novogratz. In February, the US Federal Reserve raised interest rates by 0.25 percent. Fed Chairman Jerome Powell stated that there are signs of cooling. This has helped reduce inflation and help the cryptocurrency market rebound strongly. He admitted that Bitcoin would not reach this milestone in December 2022, blaming the crypto crises and collapse of many exchanges. The crypto tycoon said last month that the current cryptocurrency outlook was neither terrible nor great. He also pointed out that Bitcoin and Ethereum prices have remained stable despite bad news. Leveraged traders exited their positions to create what he calls a clean market. We encourage you to do your own research before investing.Join us to keep track of news: https://linktr.ee/coincuChubbiCoincu NewsTags: #BitcoinBTCbtc priceGalaxy Digitalmarket