Mike Novogratz: Crypto Will Trade Sideways Until This Happens

Mike Novogratz:  Crypto Will Trade Sideways Until This Happens

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For your information, you can find below the description of the video Mike Novogratz: Crypto Will Trade Sideways Until This Happens published by the Youtube channel Only The SAVVY:

Mike Novogratz: This Crypto Narrative Has To Change

In an interview with CNBC, CEO of Galaxy Digital Mike Novogratz gave his take on the most common question being asked nowadays, ‘are we near the bottom?’. Many analysts and thought-leaders have provided their opinion on the bottom, with some believing Bitcoin hit bottom when Bitcoin hit the $17,700 range on June 18th, while others believe we have more damage to go. Although Novogratz understands we can always go lower, his belief is that most of the damage has been done, but it’s not all upside from here. The more likely scenario, according to Novogratz, is sideways action until the narrative changes. Besides most coins being 50% to 80% off their all-time highs, the crypto industry has been in the headlines for all the wrong reasons, creating a fear contagion in the market. Crypto companies have been forced to liquidate leveraged bets and have been unable to pay back loans, while others have received bailouts from FTX’s Sam Bankman-Fried. All of this plays into why Novogratz believes that crypto will be choppy for the foreseeable future.
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THIS INTERVIEW WAS POSTED ON JULY 7, 2022
Listen to the full unedited interview here ⬇ [Credits] 🙏
Galaxy Digital CEO Mike Novogratz: Crypto will be choppy for a while
https://www.youtube.com/watch?v=uFP0zGfvIMQ
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🎵BACKGROUND MUSIC licensed through AudioJungle & Epidemic Sound
🎥FOOTAGE licensed through VideoBlocks and Filmpac, except parts about the topic that have been used under fair use.
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FAIR-USE COPYRIGHT DISCLAIMER
Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, commenting, news reporting, teaching, scholarship, and research. Fair use is a use permitted by the copyright statute that might otherwise be infringing. Non-profit, educational, or personal use tips the balance in favor of fair use. -This video has no negative impact on the original works (It would actually be positive for them) -This video is also for teaching and inspirational purposes. - It is not transformative in nature.