Galaxy Digital CEO Mike Novogratz conducted a new interview with Bloomberg. bitcoin Transferring his views, Novogratz thinks that the price cannot reach the $ 500,000 level.
Novogratz stated that according to his predictions in March, the price of Bitcoin will reach $ 500,000 in five years. According to the CEO, if this level could not be reached, the problem would be because the adoption cycle was not working. The CEO kept his $500,000 estimate even after the Terra crash.
As a matter of fact, the FTX crash in November made things much worse. As a result, Bitcoin fell to its lowest level in the last two years. After this level, BTC, which caught a small return, is trading close to the $ 17,000 level.
Explaining his views in his last interview on CNBC, Mike Novogratzmade an important statement. The CEO described FTX founder Sam Bankman-Fried as a ‘dreamer’. According to the CEO, SBF should definitely go to jail.
In an interview with Bloomberg, Novogratz doubled down on his criticism, accusing Bankman-Fried and his team of committing fraud. “He must be prosecuted; Authorities need to investigate and find out exactly what happened.”
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Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.