Galaxy Digital founder Mike Novogratz in a comment Bloomberg Television made good on its prediction for the price of the first cryptocurrency to rise at $500,000.
According to him, it will now take more than five years for Bitcoin to reach its target due to significant changes in the macroeconomic situation. Novogratz had previously forecast that growth within five years.
“The reason bitcoin fell from $69,000 to $20,000 is because [председателя ФРС] Jerome Powell to find the central bank superpower and start the fight against inflation with a series key rate increase 0% to 4%,” he explained.
Because of this, all assets considered to be inflation hedges have fallen in price, Novogratz added.
In early October, the founder of Galaxy Digital said that Bitcoin would start growing again after the Fed refrain from aggressive rate hikes to fight inflation.
Recall that in December Novogratz called Sam Bankman-Fried’s statements on the matter FTX crash And called him to answer..
Read the ForkLog bitcoin news in our Telegram – Cryptocurrency news, courses and analysis.
Found an error in the text? Select it and press CTRL+ENTER
