Galaxy Digital CEO Mike Novogratz Calls Crypto Price Bottom

Mike Novogratz, founder and CEO of crypto investment firm Galaxy Digital Capital Management, said that cryptocurrency prices have hit a bottom in a tweet today, September 13.

Novogratz also pointed out that the Bloomberg Galaxy Crypto Index (BGCI), which is designed to measure the performance of the largest cryptocurrencies traded in U.S. dollars, “retouched the highs of late last year and the point of acceleration that led to the massive rally/bubble.”

Speaking at the Beyond Blocks conference in South Korea in July, Novogratz predicted that many institutions will enter the crypto industry “in the next two to three years.” However, he noted that the mass adoption of crypto and blockchain technology will come no earlier than in the next five years, naming the increasing “cost of technical talent” as one of the main reasons.

Reference: https://cointelegraph.com/news/galaxy-digital-ceo-mike-novogratz-calls-crypto-price-bottom

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