Mike Novogratz

American billionaire investor Mike Novogratz has acknowledged that he was wrong about the size of leverage in the crypto space. During the Bloomberg Crypto Summit on July 19, Novogratz said the recent crypto crash is a full-fledged credit crisis. He added that this crisis has hurt confidence in crypto. [embed]https://www.youtube.com/watch?v=DtFucHueMG8[/embed] Novogratz, who currently serves as the founder and CEO of Galaxy Digital, said: What I don’t think people expected was the magnitude of losses that would show up in professional…

Galaxy Digital CEO Mike Novogratz revealed that he hasn’t removed his LUNA tattoo following the Terra protocol’s demise and fallout. Speaking with Squawk Box on Thursday, the CEO said the tattoo makes for a “good reminder that you’re not always right.” Novogratz had a tattoo of a howling wolf with the world ‘LUNA’ above it emblazoned across his arm in January. Both LUNA and the TerraUSD stablecoin have since collapsed to worthlessness. Terra’s downfall had a contagious impact on the…

In a recent exchange of opinion on Twitter, Mike Novogratz has proposed an unconventional bet to Peter Schiff. Schiff, a cryptocurrency skeptical stockbroker, often publicly criticizes Bitcoin and other coins. After a general introduction about Novogratz and Schiff, this article will deal with what we know now as “the $1 million bets” on BTC. Most importantly, we will try to look at the past views of both experts, providing the readers with both sides of the coin. A few words…

With Bitcoin now under $45k support that it held for weeks, market sentiment is in the gutter. However, Mike Novogratz thinks the price will bottom out soon within the $38k to $40k range. He believes institutions are likely interested in buying the dip within that range. Institutions and Inflation Novogratz expressed his current view of the market in conversation with CNBC’s Squawk Box on Thursday. He said that he knows “big institutions” that are preparing to put positions on Bitcoin,…

Crypto advocates Mike Novogratz and Charles Hoskinson believe that cryptocurrencies could have eased the financial crisis in Afghanistan. After the Taliban invasion, locals and foreigners attempted to exit the country only to find their accounts under Taliban control. The situation proved that safe banking control and central governments take away financial freedom. Novogratz, in a recent investor call, warned of a foreseen wealth confiscation. He offered Bitcoin as a solution considering its decentralized nature. Charles Hoskinson also called an end…

Sidelined Wall Street legend Mike Novogratz, founder and CEO of Galaxy Digital Holdings has recently predicted that the bitcoin bull run will continue until the asset's price hits $100,000. Bitcoin's Price To Double By Year-End In an interview with Bloomberg on Thursday, Novogratz said that bitcoin might stay within the $50,000 mark for a little while, but it will ultimately get to $100,000 this year. He said, "It feels like we’re going to consolidate a little bit in this US$50,000…

The price action of all cryptocurrencies within the previous few days has been dull but that of XRP has been particularly poor. Bitcoin moved from the highs established at $10.1k last week to $8,709 at press time while XRP has declined by 18 percent within the same time frame. XRP’s poor performance brings fear of deeper correction in the weeks ahead as a trader suggests the possibility of retesting the price area close to the lows established during the market…

Since December 2019, Bitcoin price is still surging from $6.4k to $10550 this week, as per Tradingview data. The coin experienced over 60% gains and performed better than other assets apart from ETH, XRP, and Tesla. Following the Bitcoin's incline, Mike Novogratz, the CEO of Galaxy Digital, explained the currency's upsurge to CNBC's "Closing Bell '' panel. Novogratz says that liquidy accelerates the crypto's uptrend. He said that low-interest rates set up by Central Banks and people pumping in money…

This year, Bitcoin has surpassed many hurdles while performing beyond many people’s expectations. The performance has seen the cryptocurrency impressively move from $7k to $9k, an upsurge that took place only in weeks. At press time, BTC value was standing at the $9,355.88 mark. In a recent interview, Galaxy Digital’s Mike Novogratz spoke about his assurance that Bitcoin’s price would perpetually rise this year. Novogratz says the significant size of liquidity spreading around the United States economy combined with the…