Famous billionaire Mike Novogratz, CEO of Galaxy Digital, thinks Bitcoin (BTC) will experience a correction before reaching a record high.
Mike Novogratz on Thursday, February 29 to Bloomberg TV In his interview, he expressed his expectation of a correction for Bitcoin. Before Bitcoin climbs to new highs, some retail futures investors are worried You may want to remove it from the market The experienced name who stated that the correction in question Towards the 50 thousand dollar band He stated that it could be.
“There will be a disruption in Bitcoin“” in the market as a justification for his ideai increasing futures positions He included the following statements in the details of his statement:
I wouldn’t be surprised to see some corrections and consolidation. If a correction occurs, a pullback to $50,000 could be seen before a new high is reached. I think the market is very leveraged right now. This is what happens after big rises. There will be destruction. People can’t sustain that much leverage. Some will make money and many will fade away.