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The price of the first cryptocurrency will remain in the $20,000–$30,000 range as the interest in digital gold is not supported by a significant influx of institutional funds.
The price of the first cryptocurrency will remain in the $20,000–$30,000 range as the interest in digital gold is not supported by a significant influx of institutional funds. This was stated by Mike Novogratz, president of Galaxy Digital, in an interview with Bloomberg.
“Will Bitcoin break the $30,000 mark in its current bullish run? Let’s see. I suspect. […] I’d be happy if we were in the $20,000, $22,000, or $30,000 range for a while. We don’t see large institutional investor flows, but neither are big sales. explained.
The expert predicts that Ethereum price could reach $2,200 or higher before The Merge.
Novogratz drew attention to the tightening policy fedThis is reflected in the “absence of the characteristic frenzy of the cryptocurrency market in 2017 and 2021.”
Recall that in July, the CEO of Galaxy Digital doubted that Bitcoin would drop to $13,000.
Earlier, the Novogratz-led crypto bank reported a loss of $554.7 million in the second quarter. The liquidity volume of the company reached $ 1.5 billion.
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Source: Fork Log
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
