Home Alt coins The head of Galaxy Digital predicted the growth of the crypto market in the fourth quarter :: crypto-daily.news

The head of Galaxy Digital predicted the growth of the crypto market in the fourth quarter :: crypto-daily.news

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Mike Novogratz is confident that in the coming months Bitcoin will reach $ 80-100 thousand, the Ethereum rate will exceed $ 5 thousand, and the rest of the altcoins will show parabolic upward movements

Galaxy Digital CEO Mike Novogratz in an interview with CNBC said that in his opinion, the cryptocurrency market will actively grow until the end of this year. In the fourth quarter, the price of bitcoin is able to renew its historical maximum and reach levels of $ 80 and $ 100 thousand, Novogratz predicted. According to him, at the same time, the Ethereum rate can grow to $ 5 thousand.

Other altcoins can show parabolic growth following the largest cryptocurrencies, the head of Galaxy Digital noted. Novogratz said that the reason for the active growth of the digital asset market was a large influx of investment in the cryptocurrency industry.

“We left China, we got out of regulation, and the market keeps going. He is holding on because new money is coming in. In the first half of the year, $ 17 billion in new venture capital was invested. It’s just a huge influx of money, ”Novogratz noted.

Galaxy Digital is a digital asset management company founded in 2018 by Mike Novogratz after leaving Goldman Sachs. Galaxy Digital has been listed on the Toronto Stock Exchange on July 6, 2020.

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