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    Home»Bitcoin»Novogratz: “Bitcoin Nearing $100K Is Simply the Begin”
    Novogratz: “Bitcoin Nearing 0K Is Simply the Begin”
    Bitcoin

    Novogratz: “Bitcoin Nearing $100K Is Simply the Begin”

    By Crypto EditorNovember 21, 2024No Comments2 Mins Read
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    Novogratz: “Bitcoin Nearing 0K Is Simply the Begin”

    Cowl picture by way of U.Right this moment

    Disclaimer: The opinions expressed by our writers are their very own and don’t signify the views of U.Right this moment. The monetary and market data supplied on U.Right this moment is meant for informational functions solely. U.Right this moment just isn’t chargeable for any monetary losses incurred whereas buying and selling cryptocurrencies. Conduct your personal analysis by contacting monetary consultants earlier than making any funding selections. We imagine that each one content material is correct as of the date of publication, however sure presents talked about could not be accessible.

    Cryptocurrency billionaire Mike Novogratz lately predicted that the worth of Bitcoin (BTC) may surge “a lot greater.” 

    “With pro-crypto management, world demand from the Center East, and restricted provide, the stage is ready for a lot greater costs,” Novogratz wrote in a current social media put up. 

    The crypto mogul is satisfied that $100,000 is simply “the beginning” for the main cryptocurrency. 

    Novogratz has famous that Bitcoin is at present within the technique of “worth discovery” after repeatedly setting new report highs over the previous two weeks. 

    Associated

    Bitcoin (BTC) Approaches $98,000 as Altcoins Lag Behind

    The Galaxy Digital boss instructed CNBC that $100,000 was “virtually inevitable.” “When markets get near targets, they hit them,” Novogratz stated. 

    Earlier at this time, Bitcoin surged to yet one more lifetime peak of $98,310, in keeping with CoinGecko knowledge. 

    “I might not be shocked if we go a lot greater,” Novogratz instructed CNBC earlier this Thursday. 

    “A correction is inevitable” 

    Regardless of his bullishness, Novogratz believes {that a} worth correction is “inevitable.” 

    “The crypto group is levered to the gills, and a correction is inevitable,” he added. 

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    Crypto Liquidations Top $450 Million as Bitcoin Price Eyes $100,000

    Novogratz criticized the ETF merchandise that provide amplified publicity to the red-hot MicroStrategy (MSTR) inventory. He has warned that those that are toying with these dangerous merchandise are “asking for hassle.”

    That stated, Novogratz is “very assured” that Bitcoin just isn’t going to drop beneath the $80,000 degree. “It will be surprising to me if we went again,” he stated. 



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