Galaxy Digital founder and CEO Mike Novogratz says Bitcoin (BTC) may be approaching a market bottom. Speaking on Bloomberg Television, Novogratz says Bitcoin’s drop to around $76,000 reflects selling pressure at the margin rather than a collapse in institutional interest. He says that while new institutions continue to enter the market, prices are still set…
Galaxy CEO Mike Novogratz has predicted that Ethereum (ETH) could outperform Bitcoin (BTC) in the coming 3 to 6 months. During a Thursday interview with CNBC, the executive revealed that market conditions increasingly favor ETH’s upside. Corporate Interest and ETF Flows “I think Ethereum probably has a lot of chance to outperform Bitcoin in the…
Galaxy Digital CEO Mike Novogratz predicts Bitcoin (BTC) will one day be worth a whopping $1 million for two main reasons. In a new interview on the Schwab Network, Novogratz says Bitcoin will eventually increase 850% from its current value due to increased adoption and a weakening US dollar. “The price moves on two metrics….
The chief executive of crypto asset management firm Galaxy Digital says that big changes are coming to the digital assets industry following yesterday’s US presidential election. In a new interview with CNBC Television, billionaire Mike Novogratz says that not only are President-elect Donald Trump’s stances pro-crypto, he’s surrounded by individuals who will help the industry…
Block reward miners on the BTC network had their least profitable month in nearly a year in August, leading to bankruptcies, share dilutions, and other ‘Hail Mary’ efforts to stave off the inevitable. Bitbo data shows BTC miner revenue hitting $827.5 million in August, less than half the total from this year’s peak of $1.93…