CEO Galaxy Digital cryptocurrency has reached its bottom. Then only the growth
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The Founder of investment firm Digital Galaxy Capital Management Mike Novogratz said that cryptocurrency has reached its bottom. The price of Bitcoin and altcoins will not fall below. About it writes .
theit's Time to buy Bitcoin
In proof of his words he cited (BGCI), which measures the largest trades of the crypto currency relative to the U.S. dollar. According to Novogratz, the index slid to a key level — it last year began, the rally of Bitcoin.
This is the BGCI chart…I think we put in a low yesterday. retouched the highs of late last year and the point of acceleration that led to the massive rally/bubble… markets like to retrace to the breakout..we retraced the whole of the bubble.
— Michael Novogratz (@novogratz)
Recall that in July at the conference Beyond Blocks Novogratz predicted the emergence of institutional investors on the stock market in the next two or three years. Full adoption of digital assets will come not earlier than in five years.
Whether you believe the words of CEO of the Digital Galaxy? Company Novogratz shows not very impressive results. In the published financial statements of the company stated that for the first quarter of 2018, she lost 225,8 million dollars on investments in the crypt.
While the stock market is gradually recovering. Bitcoin to gain a foothold above $ 6400, so that soon we can expect test the new resistance level.
What do you think about this forecast, you? Please share your impressions in .
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