https://jualslotcaramasakg.wixsite.com/pantrymagic Slot Gacor Gampang Menang Situs Slot Gacor https://gms.dpe.go.th/mobile/public/admin/ckfinder/plugins/fileeditor/situs-judi-slot-terbaik-dan-terpercaya-no-1/ https://geokur-dmp.geo.tu-dresden.de/uploads/user/2022-12-12-182312.459691situs-slot-gacor.html https://geokur-dmp.geo.tu-dresden.de/uploads/user/2022-12-12-183122.222613slot-gacor-gampang-menang.html http://www.digi.vibeunited.co.id/forum/profile/bocoran-slot-gacor-hari-ini/ https://cungtenhanoi.com/2022/12/30/bocoran-pola-jam-hoki-main-slot-gacor-hari-ini-terbaru-gampang-menang-jackpot-terbesar-2022/
Business

Billionaire Mike Novogratz Predicts Bitcoin Will Explode Over 2800% – But There’s A Catch




Galaxy Digital founder and CEO Mike Novogratz is predicting a meteoric rise for Bitcoin (BTC) that could push the value of the royal crypto to heights never seen before.

Reminded that he predicted Bitcoin would reach $500,000 by 2025, Novogratz says in a new Bloomberg interview that he still believes BTC can reach its massive price target, but also notes that it would take more time than he originally expected as macroeconomic conditions have changed.

“Not in five years and I’ll tell you why – the biggest change that happened and the reason Bitcoin went from $69,000 down to the $20,000s is [Federal Reserve Chairman] Jay Powell decided to find his central bank superpowers and start beating inflation over the head with a series of rate hikes that have taken interest rates from 0% to 4+%.

It̵[ads1]7;s quite that simple. That’s why all the assets, why all the frothy assets, the growth assets that were “inflation hedges” went down because we’re about to beat inflation…

That is the main reason why crypto went down.”

With Bitcoin trading at $17,041 at the time of writing, a move towards Novogratz’s target suggests a 2.834% upside potential for BTC.

According to Novogratz, crypto assets will eventually rise as the industry emerges stronger from the damage caused by the collapse of firms such as digital asset lenders BlockFi and Celsius, as well as crypto hedge fund Three Arrows Capital.

“The rest of this malarkey that we’ve had between Three Arrows and BlockFi and Celsius and all these companies that were either poorly run or fraudulently run is absolutely hurting the overall confidence in crypto.

But this too shall pass. They will be brushed off in the dustbin of history. And the industry itself will emerge stronger having learned lessons. And you’re going to see the price come back.”

I

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered straight to your inbox

Check price action

Follow us on TwitterFacebook and Telegram

Surf The Daily Hodl Mix

Check the latest news headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and trades are at your own risk and any losses you incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Sensvector/EB Adventure Photography





Source link

Back to top button