The month of May, that time when investors typically “sell in May and go away”, has been rough on stocks. The S&P 500 index is down 5% at this writing, but over in Crypto-Land, Bitcoin is poised to win the performance race for the month, booking an incredible, astonishing (pick your preferred adjective) return of…
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Mike Novogratz, a former Goldman Sachs banker, hedge fund manager, and now head of his own merchant bank, Galaxy Digital, is touting Bitcoin and all cryptos in general. He is now claiming that we could see a total recovery of BTC to its former glory of $20,000 in 18 months or less, or at least…
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Bitcoin is currently rising, although not in a "hockey-stick" manner, but investors and hodlers have faith that the currency will continue its climb and soon hit the $10,000 critical price level. However, at the very beginning of 2018, the cryptocurrency market went down by a huge percentage. Overall prices went down by 60% and Bitcoin…
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Mike Novogratz, the current CEO of Galaxy Investment Partners and the former macro hedge fund manager at Fortress Investment Group, is predicting a $2 trillion market capitalization of cryptocurrencies by 2018. After he expressed his opinion on Bitcoin hitting $20,000 by December 2018, he is now defending the idea of cryptocurrencies increasing their market cap to…
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In an interview for Reuters, Mike Novogratz, the current CEO of Galaxy Investment Partners and the former macro hedge fund manager at Fortress Investment Group, talked about his opinion on bitcoin and why the digital currency is the new "gold". According to the Wall Street manager, bitcoin is undoubtedly a store of value. It has the…
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