Billionaire and head of cryptocurrency trading Bank Galaxy Digital Holdings Ltd. Mike Novogratz (Mike Novogratz) in a new interview with Bloomberg said that the price of bitcoin, in his opinion, in the near future will be significantly reduced. According to his calculations, most likely, BTC will trade in the range of $3000-$6000 per unit and, despite the collapse of the cryptocurrency bubble, can become a means of accumulation, as “this mania created something real.”
Novogratz is confident that institutional clients are already lining up in anticipation of the start of trading Cryptoprotected on the grounds Bakkt and Fidelity in 2019.
At the same basic rate in the future, the Novogratz makes the macroeconomic situation, which now, amid the convulsions of the world economy, it is more interesting than the cryptocurrency.
“We are entering the era of macroeconomics. Cryptocurrency now compared to her less interesting. Long years of macroeconomics was boring, but the cryptocurrency is delighted,” said he.
Recently Mike Novogratz has compared the current situation in the cryptocurrency market with a “methadone clinic” in which investors were previously assigned to the cryptocurrency “almost like religion” and the rise of bitcoin during the period of “speculative mania,” the end of 2017 apprehended as a kind of drug. At the same time partner of the venture capital company Blockchain Capital and one of the leading bitcoin analysts on wall street Spencer Bogart (Bogart Spencer) in an interview with CNBC yesterday said that the current bearish sentiment in the stock market are “fantastic buying opportunities”.