In the world of cryptocurrency, few names are as important as Mike Novogratz. The billionaire investor, with a net value of $ 2.7 billion, has made a name for himself as a key director on the digital currency market. Today, Novogratz has made a daring prediction on Bitcoin (BTC), declaring that virtual currency is on the verge of significant increase.
“Bitcoin has exchanged as if it was part of the Mag8 this year. However, my instinct tells me that it is about to run,” said 60 -year -old investor on the social media network X.
This prediction comes in the wake of an increase of 5% of the value of Bitcoin in the last 24 hours, a recovery which seems to be synchronized with the US rebound stock market. According to Coingecko data, Bitcoin is currently negotiated at $ 83,802.
In a week of roller coaster for cryptocurrency, Bitcoin dropped to a hollow of $ 74,588 of several months, only to bounce back in a remarkable recovery. This price volatility has led some experts, such as veteran technical analyst John Bollinger, to speculate that Bitcoin could be overflowing.
Despite the tumultuous performance this week, Bitcoin is down 10% on an annual basis, with macroeconomic concerns such as prices with the prices of risk assets. Interestingly, although Bitcoin’s performance has largely reflected stock market trends, there have also been decoupling cases during recent sales.
Novogratz has long defended the story of Bitcoin as “digital gold”, a view that helped him stand out on a crowded cryptocurrency market. In February, he argued that a strong story was what “separates the noise winners”.
In a surprising turning point, Novogratz also found common ground with Peter Schiff, a well -known critic from Bitcoin. In a recent article on social networks, Novogratz admitted that he is in accordance with Schiff “increasingly”, in particular after the recent criticism of the rebalancing of world trade.
Novogratz urged Schiff to recognize the undeniable reality that Bitcoin has become a full macro active “against all expectations”. He argued that Bitcoin resilience in the face of economic uncertainty testifies to its growing place in the global financial landscape.
Novogratz’s bullish prediction for Bitcoin will undoubtedly make waves in the world of cryptocurrency. The question of whether his forecasts prove to be precise will be a question of lively interest in investors and market observers. Regardless of the immediate future of Bitcoin, one thing is certain: cryptocurrency remains a dynamic and unpredictable field.
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