was a coin Bitcoin On the rise with the beginning of the new month.
The first week of October brought good news as the major cryptocurrencies in the market started to rise for the first time in weeks.
Link Bitcoin To a new high in 4 Months on Friday with penetration above 56 one thousand dollars.
The bulls have set their eyes on all-new highs before the end of the year, echoed the CEO Galaxy Digital Mike Novogratz this feeling.
"New Investors Hold the Market".
was a billionaire Mike Novogratz on Channel "Squawk Box" on Channel CNBC To talk about the cryptocurrency market.
He said Novogratz That new investors are the reason to keep the price Bitcoin And Ethereum of their high value.
New investors are getting excited since the bull market first slid into full capacity at the beginning of the year 2021.
But the recent turn of events in the cryptocurrency market has sparked a new wave of entrants into the space.
Novogratz places the current percentage of global cryptocurrency wealth at 0.5%, which is a small number compared to other financial markets.
However, there is an impressive percentage indicating that the cryptocurrency market has not yet entered the teenage years.
Billionaire Mike Novogratz's predictions
The billionaire expects the ratio to rise to more than 0.5% With more investors moving into the crypto space.
Talking about new investors entering the market and raising prices, the billionaire said:
“It held up because only new money came in. he was there 17 $1 billion in new venture capital that went into the first half of the year. It's just a massive influx of both talent and money."
Predict the movement of the parabola
a company Galaxy Digital Affiliate of Novogratz She is a well-known investor in the industry Blockchain and cryptocurrencies.
Given this, the billionaire has always been bullish on the cryptocurrency market and has been vocal about his bullish stance.
During his interview, the CEO revealed that he expected the cryptocurrency market to break all-time highs during the fourth quarter of the year.
“I don't look like the always up-and-coming guy I sometimes get accused of, but I literally see a scenario where we come out on highs. Bitcoin And we had one of those equivalent moves across all cryptocurrencies in the fourth quarter.”
clearer Novogratz The reason behind his predictions using the analogy of a racehorse. Compare the movement of the cryptocurrency market with “The horse that turns at the end Who ends up winning the race.
repeat Mike Novogratz Its bullish position for the last quarter of the year.
“The assets that are waiting for us in the last quarter usually have great finishes because everyone is piling up and pushing valuations higher.”
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