Mike Novogratz: I'm Adjusting My Bitcoin Price Prediction
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Mike Novogratz: I’m Adjusting My Bitcoin Price Prediction
As Bitcoin currently trades at $45,800, Mike Novogratz, CEO of Galaxy Digital, is making adjustments to his previous bitcoin price prediction. In an interview with Bloomberg Technology back in Mid March, Novogratz made a bold prediction that Bitcoin will reach $500k in the long term, but in the short term, he thought Bitcoin would stay around the $30 to $50k range. When Novogratz made that prediction, Bitcoin was trading at $38,947.65. Bitcoin has since surged 16% and now Novogratz is adjusting his prediction.
In his Q4 earnings call, the billionaire stated;
“I had said originally, I thought this would be a rangy year, $30,000 to $50,000 in Bitcoin and whatnot.
But given the adoption cycle I’m seeing and given the way markets trade and how I just see new people wanting to get in, the innovation we’re seeing in Web3 and in the metaverse space, I’ve gotten more constructive than I was at the beginning of the year.
And so it wouldn’t surprise me to see crypto significantly higher by the end of the year.”
Novogratz’s statement comes as there is an increasing interest in cryptocurrency, specifically Bitcoin. Different geopolitical turmoil events across the globe, such as the Trucker Convoy in Canada and the Conflict in Ukraine, showcased the importance of having a decentralized asset and being able to transact without government interference.
In regards to the Ukrain situation, Novogratz mentioned how the conflict will reorient people’s perspective on cryptocurrency, thus leading to more adoption and a higher price.
FOR INTERESTED READERS
Galaxy Digital Holdings Ltd. (BRPHF) CEO Mike Novogratz On Q4 2021 Results – Earnings Call Transcript
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Price predictions are moronic.
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100K plus in 2022
been waiting for 100k for a year now..lol
get” out of my investment, but somehow he I cant find a clear answer on this!
Is it worth it to buy small fractions of bitcoin or just buy other coins instead?
Okay here is a genuine question?
If i buy 1000 dollars worth of BTC, what happens to this crypto investment if THE WORLD adopts crypto?
I cant find an answer but its so important as a person who is interested to know about what im able to “get” out of my investment, but somehow he I cant find a clear answer on this!
Food for thought – China might create a black swan event (Taiwan or other – deals with Russia or Saudi ) that forces the USA’s hand so they can move away from US dollar .. 🤷
If you want a 2X this year BTC sure. If you want a 20X, EFI token will be the NFT standard coding by the end of the year. Enjin do not mess around- They are OGs since 2009. ✌️Not financial Advice.
Lol why predict long term 😅
Everyone can do it…
Just predict the next month
Bitcoin & Litecoin
Lmfao at the whole concept of adjusting predictions. So in other words, you're just guessing. I like you Novo but you gotta shut the fuck up about price levels, you're awful at it.
if you change predictions often, no better than the rest of us, just shush and take profits when you think its mooned
ALL IN BTC 😍😍😍😍
I havent seen anyone get a price prediction right yet
Creator of atherum: Ilan Mask talks a lot of unrealistic things and the currency of Tzus is a very good currency, but it can not reach $ 200, and with the update that he does, I think it will reach $ 30, and $ 30 is much more available than $ 200. Of course, the good infrastructure and high potential of this coin can not be ignored, and the possibility that it will reach $ 200 in the long run and in a year or two is not far off, but to say that it will reach $ 200 quickly and at once is no more than an illusion.
I can tell you one thing is that these politicians don't give a f…k what the voters want, what ever they are doing it's because it benefits them somehow, just so happens it will eventually benefit everyone.
the facts are that we are at a standstill and BTC just barely moves and is still very far from the November ATH and the previous March 2021 ATH. the fact that Elon prefers to put his money in Twitter is also a clear statement. the belief in btc in the short term 1-2 years is declining and 100K only believes in it by a few and this is widely spread by media crypto. if you look at pure economic channels you will hear a completely different story about btc, where big players are NOT ready to invest in btc and mainly are put off by the volatility and most also thought that LEVERAGE trading should be abolished
musk is going out of bitcoin and into twitter ..get ready ….lol
"conflict in Ukraine" how pathetic of you…
Guy with lots of of bitcoin says his asset will probably go up. Who cares.
Novagratz also holds bags of Solana, which means he is either deceptive and pumping his bags or really doesn't understand crypto.
BTC is the ultimate shitcoin. No use-case, no underlying value, no support for smart-contracts, no support for NFT's and no support tokenization of assets like gold, derivatives, real-estate, antique, art and the rest. Bitcoin is a meme.
It's a tool for criminal organisations and the ultra rich. They are after YOUR money.
Bitcoin to zero