Galaxy Digital CEO and famous billionaire Mike Novogratz made a frightening BTC and altcoin prediction. Mike Novogratz does not expect Bitcoin to rise in early 2022 and points to a bearish trend. cryptocoin.com We have compiled the details for you, let’s examine the subject together…
Mike Novogratz: BTC and altcoin projects have come a long way from the peaks…
Mike Novogratz, CEO of crypto giant Galaxy Digital, made some annoying comments. Mike Novogratz expects cryptocurrencies to get off to a rough start to 2022. Mike Novogratz comments on the subject as follows:
BTC and altcoin projects have come a long way from the peaks. They are heavily traded…
In a recent interview with CNBC, the famous billionaire said that the leading cryptocurrency could go “sideways” or “downward” except in a bullish scenario. Mike Novogratz explained that the ongoing stock market correction could pose a problem for cryptocurrencies. Mike Novogratz points out that the price charts of Apple, Tesla, Nvidia, which are companies that dominate the US stock market, are now technically broken. That’s why Mike Novogratz expects stocks to perform poorly in December and get a crushing start to January.
Mike Novogratz: DeFi will likely dominate 2022!
Mike Novogratz also pointed to the NFT frenzy as a sign of excessive foam in the market. On top of that, Mike Novogratz highlights that many of them will need to take some profit:
You see some indigestion. Probably healthy… It hurts if you’re tall.
The crypto billionaire says that he is not worried about the state of the crypto market in the medium term because people are constantly preparing to enter the market. Mike Novogratz reiterated that the bulls are likely to hold the key $42,000 support level. Mike Novogratz is very optimistic about Bitcoin and believes it will rise in the medium term. While investors may not show much love for decentralized finance projects in 2021, Novogratz expects that to change next year. In other words, Mike Novogratz’s focus seems to be the DeFi market. Galaxy Digital CEO says DeFi will likely dominate 2022.
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