Mike Novogratz Says Bitcoin Could Return to $30,000 Next Month
Feb 17, 2023 09:41 UTC
Feb 17, 2023 at 09:41 UTC
Galaxy Digital CEO Mike Novogratz says he would n’t be surprised if the price of bitcoin returns to $ 30,000 in the coming month. “ When I look at the price action, when I look at the excitement of the guests calling, the FOMO( fear of missing out) erecting up, it would n’t surprise me, ” the superintendent participated.
Bitcoin Could Return to $30,000 in Q1, Says Novogratz
Galaxy Digital CEO Mike Novogratz participated in his bitcoin price outlook Wednesday at a Bank of America conference. The longtime bitcoin advocate believes that BTC could return to $30,000 by the end of the coming month. He said
When I look at the price action, when I look at the excitement of the guests calling, the FOMO( fear of missing out) erecting up, it would n’t surprise me if we were at $30,000 by the end of the quarter.
“ I would ’ve given both my shoes for that to be true just six weeks agone , ” he added, noting that it would ’ve made him “ the happiest joe ” if BTC ended 2022 at $ 30,000.
The Galaxy Digital CEO was preliminarily more bullish about the price of bitcoin. He said in March last time that BTC should be at $50,000 “ five times out. ” However, he revised his cast in December, stating that it would take further than five times for BTC to reach that price position. He attributed his dubitation to Federal Reserve Chairman Jerome Powell’s interest- rate increases.
At the time of jotting, bitcoin is trading at $24,567, over 8% in the past 24 hours and 16% over the last 30 days.
The Galaxy Digital master explained
What makes me skeptical that we can have the explosive, back- to- the-old highs this time is Chairman Powell He’s really doing what he says he’s going to do, and I do n’t see the Fed pivoting and cutting anytime soon.
A number of people lately made bullish prognostications about bitcoin. Rich Dad Poor Dad author Robert Kiyosaki said he expects BTC to hit $50,000 by 2025. Crypto- concentrated investment establishment Pantera Capital said we’re formerly in the coming bitcoin bull request cycle. Investment operation establishment Ark Invest said bitcoin could receive a multi trillion- dollar market, prognosticating that BTC could reach$1.48 million per coin.