Michael Novogratz: Bitcoin is unlikely to fall back to the level of 50,000 to 55,000 US dollars
Galaxy Digital founder and CEO Michael Novogratz said in a CNBC interview on Wednesday that he does not believe the price of Bitcoin will fall back to the level of $50,000 to $55,000. He stated: "I think this is the new bottom unless something dramatic happens. This is a crazy asset, we are in price discovery mode, if you look at the chart, $100,000 might be the target price for Bitcoin."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
CBA sees Brent oil futures trading at US$70-US$100 in H2 2026 amid volatility
ANZ appoints Philippa Campbell, Murray Woo to Papua New Guinea board
Dollar-Yen's Medium-Term Range Likely Near 155-160 Level -- Market Talk
Rise in Long-End Govt Bond Yields a Sign of Fiscal Risk Repricing -- Market Talk
Crypto prices
More
