Bitcoin (BTC) and cryptocurrencies prominent with his comments and predictions about Galaxy Digital CEO Mike Novogratz made important statements about the market.
Speaking to CNBC’s Squawk Box, Mike Novogratz said that there are some difficulties in 2022, but the troubled situation cryptocurrency He said it would not cause the units to disappear.
Arguing that 2023 will be the year to focus on survival after 2022, the famous billionaire said:
“The outlook for cryptocurrencies isn’t terrible, but it’s not great either. We now have things we didn’t have before with editors.
Investors can survive this transition period by cutting costs in Bitcoin and altcoins.
Crypto is not disappearing. It’s a pretty clean market right now.”
“The outlook for #crypto is not horrible but it’s not great. We’ve got regulatory headwinds we didn’t have before. People are going to cut costs and survive this transition period,” says @novogratz. “Crypto is not going away. It’s a pretty clean market right now.” pic.twitter.com/k57ITlRFOV
— Squawk Box (@SquawkCNBC) January 10, 2023
Stating that he has positive expectations for 2023, the famous CEO said, BTCHe claimed it will increase in this year.
In the continuation of his speech, Novogratz used expressions that would give hope to the investors, Gemini and Digital Currency Group (DCG) He also touched on the crisis between
Novogratz said that while the potential crisis DCG and Genesis are facing is not good news, it will not include many sales.
Crypto companies like Gemini and Genesis will still be in 2023. cryptocurrencyNoting that it can harm companies, the famous CEO said that investors should be careful.
Finally, Novogratz stated that he expects the result to be seen in the next quarter regarding the current distress faced by DCG and Genesis. “There are some issues like DCG and Genesis and Gemini that will be revealed next quarter. This won’t be great. But I don’t think there will be too many sales.” said.
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