The price of the first cryptocurrency will remain in the range of $20,000–$30,000, since interest in digital gold is not supported by a significant influx of institutional funds. This was stated in an interview with Bloomberg by the head of Galaxy Digital, Mike Novogratz.
“Will bitcoin overcome the $30,000 mark in the current move up? Let’s see. I doubt. […] I would be happy if we were in the $20,000, $22,000 or $30,000 range for a while. We do not see large flows of institutional investors, but there are no large sales, either. he explained.
Expert estimates Ethereum price could reach $2,200 or higher ahead of The Merge.
Novogratz drew attention to the tightening of policy Fedwhich was reflected in the “absence of the mania characteristic of the cryptocurrency market in 2017 and 2021.”
Recall that in July CEO Galaxy Digital doubted in the collapse of bitcoin to $13,000.
Formerly Novogratz-led crypto bank reported about a loss of $554.7 million in the second quarter. The volume of liquidity of the company reached $1.5 billion.
Read Cryplogger bitcoin news in our Telegram – Cryptocurrency news, courses and analytics.
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The price of the first cryptocurrency will remain in the range of $20,000–$30,000, since interest in digital gold is not supported by a significant influx of institutional funds. This was stated in an interview with Bloomberg by the head of Galaxy Digital, Mike Novogratz.
“Will bitcoin overcome the $30,000 mark in the current move up? Let’s see. I doubt. […] I would be happy if we were in the $20,000, $22,000 or $30,000 range for a while. We do not see large flows of institutional investors, but there are no large sales, either. he explained.
Expert estimates Ethereum price could reach $2,200 or higher ahead of The Merge.
Novogratz drew attention to the tightening of policy Fedwhich was reflected in the “absence of the mania characteristic of the cryptocurrency market in 2017 and 2021.”
Recall that in July CEO Galaxy Digital doubted in the collapse of bitcoin to $13,000.
Formerly Novogratz-led crypto bank reported about a loss of $554.7 million in the second quarter. The volume of liquidity of the company reached $1.5 billion.
Read Cryplogger bitcoin news in our Telegram – Cryptocurrency news, courses and analytics.
Found a mistake in the text? Select it and press CTRL+ENTER
