key takeaways
- Galaxy Digital CEO Mike Novogrates estimated that the atherium could improve bitcoin in the next 3 to 6 months.
- Novogratz said that bitcoin is currently in private discovery, with $ 150,000 as a proper inverted target.
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Galaxy Digital CEO Mike Novogrates believes that atheram may exceed bitcoin
Speaking to the ‘Squalk Box’ of the CNBC on Thursday, Novogratz said that the Ethereum is holding rapidly and if it breaks above the level of $ 4,000, enter the price search area.
“The story of Ether is really powerful,” Novograte explained. “And now we do not have just one, we have two major treasury companies and one and one coming … and they are collecting capital every day and buying an Etor.
He said, “Etharium probable has a lot of channels to improve bitcoins over the next 3 to 6 months,” he said, not that he owns both atherium and bitcoin.
On the perspective of bitcoin, Novogrates stated that digital assets could climb to $ 150,000. No seller enters the market with them, the trajectory upwards continue until the current macro and policy story holds, continue the trip of Tontine Push to cut a low rate.
“We are in personal search in one of these things,” Novogrates said. “One-fifty I find a decent goal.”
“If Trump changes his mind and says that the economy does not need low rates, it will change my thesis,” Novograte said. “But untouchable happens, I think we are moving towards one-fifty.”
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