Cryptocurrencies
Michael Novogratz Predicts Bitcoin Declines Won't Get (Too Much) Worse
- Sees digital coin price between $3,000 and $6,000 in near term
- “Cool” macro era looks more exciting than crypto, he says
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Michael Novogratz doesn’t expect Bitcoin’s price declines to deepen much more, despite a dismal run for virtual currency investors in 2018.
The chief executive officer of cryptocurrency merchant bank Galaxy Digital Holdings Ltd. said that amid convulsions in the world economy, the macro trading environment has become even more interesting than the market for digital currencies.