Mike Novogratz, the CEO of Galaxy Digital, recently stated that he would not be surprised if the price of Bitcoin goes up to $30,000 this quarter.
Mike Novogratz predicts the evolution of the price of Bitcoin
The CEO of Galaxy Digital, Mike Novogratz, said in his recent statement to the news portal Bloomberg that the chance of Bitcoin to return to $30,000 by the end of March is more than likely. Novogratz stated:
If I look at the price action, if I look at the customer interest, the increasing FOMO, I wouldn’t be surprised if we were at $30,000 at the end of the quarter.
The price of Bitcoin increased by more than 40% in January. Mike Novogratz believes that the recent positive swings in Bitcoin prices may be linked to the slowdown in inflation in the United States of America and that this increase in BTC prices may last until the end of March.
Mike Novogratz he also commented on the current rate hike by Fed Chairman Jerome Powell. Novogratz doesn’t expect he would Fed changed his tune in the foreseeable future. Novogratz has also commented in the past that if the United States Federal Reserve continues to raise interest rates, Bitcoin could reach $500,000 by the end of 2027.
At the time of writing, the price of BTC is around 24,653 USD according to KMC.
Conclusion
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