Galaxy Digital founder Mike Novogratz in a comment Bloomberg Television retained its forecast for the price of the first cryptocurrency to rise to $500,000.
According to him, it will now take more than five years for Bitcoin to reach the goal due to significant changes in the macroeconomic situation. Novogratz previously predicted such growth within five years.
“The reason bitcoin dropped from $69,000 to $20,000 is because [председателя ФРС] Jerome Powell to find the superpower of the central bank and start the fight against inflation with a series of key rate hikes from 0% to 4%,” he explained.
For this reason, all assets considered inflation hedges have fallen in price, Novogratz added.
In early October, the founder of Galaxy Digital said that bitcoin will resume growth after the Fed abandons aggressive rate hikes to fight inflation.
Recall that in December, Novogratz called Sam Bankman-Fried’s statements regarding the collapse of FTX “nonsense” and called for him to be held accountable.
Read Cryplogger bitcoin news in our Telegram – Cryptocurrency news, courses and analytics.
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Galaxy Digital founder Mike Novogratz in a comment Bloomberg Television retained its forecast for the price of the first cryptocurrency to rise to $500,000.
According to him, it will now take more than five years for Bitcoin to reach the goal due to significant changes in the macroeconomic situation. Novogratz previously predicted such growth within five years.
“The reason bitcoin dropped from $69,000 to $20,000 is because [председателя ФРС] Jerome Powell to find the superpower of the central bank and start the fight against inflation with a series of key rate hikes from 0% to 4%,” he explained.
For this reason, all assets considered inflation hedges have fallen in price, Novogratz added.
In early October, the founder of Galaxy Digital said that bitcoin will resume growth after the Fed abandons aggressive rate hikes to fight inflation.
Recall that in December, Novogratz called Sam Bankman-Fried’s statements regarding the collapse of FTX “nonsense” and called for him to be held accountable.
Read Cryplogger bitcoin news in our Telegram – Cryptocurrency news, courses and analytics.
Found a mistake in the text? Select it and press CTRL+ENTER
