Galaxy Digital CEO, billionaire Mike Novogratz, a new view on the X account published. The CEO drew attention by interpreting the recent market correction relatively positively. According to the famous billionaire, this decline in the market Bitcoin It may create a new opportunity for investments.
As noted by Bloomberg, this was the biggest Bitcoin drop in a single session since the collapse of Silicon Valley Bank (SVB).
The decline comes amid tensions in the Middle East, with Iran recently targeting Israel with a significant missile and drone attack. The attack, which used hundreds of unmanned aerial vehicles and missiles, was thought to be a retaliation after Israeli warplanes bombed Iran’s consulate in the Syrian capital Damascus earlier this month.
As we reported as Koinfinans.com, it is unclear whether Iran’s reaction will lead to further escalation of tension in the region.
“I hope that coolness will prevail and this will not be the beginning of a major regional conflict. “There are so many good things going on in the Middle East that it’s just tragic that we’re here.” -Mike Novogratz
Previously, Novogratz attracted attention with his prediction that the price of Bitcoin could exceed $ 100,000 in 2024. He cited the momentum in BTF ETFs as the main reason behind his highly optimistic forecast.
Moreover, cryptocurrency The billionaire recently tweeted that microfinancial conditions will be favorable for the cryptocurrency market this year as he predicts that the US Federal Reserve will lower interest rates.
However, ongoing inflation concerns and tensions in the Middle East may delay interest rate cuts. Earlier this week, the price of the top cryptocurrency fell sharply after the core consumer price index (CPI) showed higher-than-expected growth.
