Mike Novogratz: Bitcoin price will stabilize between $10,000 and $14,000
Jun 28, 2019
Mike Novogratz, the founder of Galaxy Digital (a company selling cryptocurrencies to institutional clients), believes that the bitcoin price will stabilize between $10,000 and $14,000, he says in an interview with CNBC.
The big reason Mike Novogratz believes that bitcoin will stabilize is Facebook’s entry into the crypto market, Cointelegraph reports.
“One of the largest companies in the world said we believe in cryptocurrencies. If you’re an institutional investor who’s getting close and still worried about investing, it makes you that much more confident”, he tells CNBC.