Mike Novogratz Warns Bitcoin (BTC) Has Much Further To Fall – Here’s His New Forecast

Mike Novogratz Warns Bitcoin (BTC) Has Much Further To Fall – Here’s His New Forecast


Galaxy Digital CEO Mike Novogratz says that Bitcoin (BTC) isn’t done tumbling yet.

As reported by Bloomberg, Novogratz tells NBC in a new interview that he foresees Bitcoin bottoming out at around the $38,000 to $40,000 price level.

The Galaxy Digital CEO is walking back his comments from last week when he said the top crypto by market cap could hold the $42,000 mark.

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Novogratz says that he’s going to wait a bit longer before buying more cryptocurrencies, adding that blue-chip investors are waiting in the wings for their opportunity to get in.

“[There is a] tremendous amount of institutional demand on the sidelines.”

The business tycoon and long-time crypto bull then says that a key part of BTC’s bull run in 2021 was the

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