Mike Novogratz Says Bitcoin Will Lead Next Rally - BitcoinEthereumNews.com
एलेक्स डोवबिन्या Galaxy Digital CEO Mike Novogratz says that good projects will follow Bitcoins suit when another rally starts में हाल ही में कलरव, गैलेक्सी डिजिटल के सीईओ माइक नोवोग्रेट्स believes that Bitcoin, the flagship cryptocurrency, will lead the next cryptocurrency rally. The cryptocurrency billionaire stopped short of predicting when such a rally would take place. He believes that prices will be able to recover as soon as the U.S. Federal Reserve ditches its hawkish monetary policy and stops hiking rates. The market is in the process of adjusting to the popping of an asset bubble, which he claims was caused by the Federal Reserve. nNovogratz also explained that cryptocurrencies are greatly underperforming equities due to the fact that theres no buybacks and giant pension rebalancing that are causing the squeeze in equities. The worlds largest cryptocurrency, dipped to $28,253 earlier today on the Bitstamp exchange. In sharp contrast to that, the S&P 500 is up 2.24%. It has added nearly 6% that week. Meanwhile, the Nasdaq-100 is up 3.18%, adding nearly 7% in a day Bitcoin, for comparison, is down 1.86% over the last seven days, and it is on track to secure a record-breaking ninth week in the red unless it manages to recover during