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Mike Novogratz: "We're Not Going To Get A Soft Landing"
The markets have seen blood in all markets. Bitcoin has hit the $33,000 resistance for the first time in 3-months and Ethereum slid below $2,400. The stock market correction worsened as well, as both the stock and crypto markets are looking more and more correlated. The sell-off has created some real fear in the market, leaving many guessing when this nosedive will bottom. Galaxy CEO Mike Novogratz believes we haven’t quite hit the bottom yet, and this won’t be a soft landing. In an interview with CNBC, Novogratz gave a bleak outlook in the medium term for the stock market, economy and crypto. Earlier this year, Novogratz predicted a $30-50k Bitcoin, which he hasn’t wavered from, but now believes we are looking at the bottom $30k end of the range. But now, he’s suggesting to hold on tight because this won’t be a soft landing.
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THIS INTERVIEW WAS POSTED ON MAY 6, 2022
Listen to the full unedited interview here ⬇ [Credits] 🙏
We are going to go through a painful stagflation process, says Galaxy Digital CEO Mike Novogratz
https://www.youtube.com/watch?v=NRr0LpcJLEY
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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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