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Mike Novograntz Confidently Predicts Bitcoin Floor Price And Gives Warning
Bitcoin is currently trading at about $43,000, having dipped 35% since its historic run up to $68,000 in November of 2021, and down 15% from its 30-day High of $50,840. Many investors and enthusiasts are anxiously waiting to see if we have reached the floor, and Mike Novograntz, CEO and Founder of Galaxy Digital Holdings, is no different. In a recent interview with CNBC, the crypto enthusiast shared that he would be waiting to see what happens before he buys back into Bitcoin. He stated that he thought we didn’t quite reach the bottom yet, even though just a few weeks ago, he called the bottom of this bearish run at $42,000. Even though Novograntz is sitting it out until we reach the floor, he shared more optimism than pessimism in his short interview, stating that he was certain that blue-chip, big money institutions were on the sidelines waiting to jump in when they saw the right price. Listen to what Mike had to say.
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