Currently, the Bitcoin price fluctuates between 22,000 and 24,000 dollars. This has led to numerous speculations about what will happen when the digital asset can finally break out of this rut. For many, the recent recovery has led them to believe that there will definitely be an increase to $ 30,000, from where the price had fallen. However, not everyone seems to share this short-term bullish sentiment, and Novogratz is one of them.
The CEO of Galaxy Digital was one of the many proponents of Bitcoin and invested in the asset both privately and professionally. However, given the current development of Bitcoin, Novogratz does not expect a recovery. Most importantly, he does not expect that the value will reach $ 30,000.
Novogratz stated in an interview with Bloomberg that he believes that the price of the digital asset will continue to move between $ 20,000 and $ 22,000, and that he does not believe that a breakthrough above $ 30,000 is possible given the recent increase.
“I would honestly be happy if we were to move in a range between $20,000 and $22,000 or $20,000 and $30,000 for a while before the next step up,” he added.