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1121: MIKE NOVOGRATZ PULLS $500K BITCOIN PREDICTION IN 5 YEARS, BLAMING THE FEDS RATE HIKES!!
FromCrypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
1121: MIKE NOVOGRATZ PULLS $500K BITCOIN PREDICTION IN 5 YEARS, BLAMING THE FEDS RATE HIKES!!
FromCrypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
ratings:
Length:
30 minutes
Released:
Dec 2, 2022
Format:
Podcast episode
Description
Bitcoin now faces a tougher path to eventually reaching $500,000, according to Mike Novogratz - with the Galaxy Digital chief executive backing down from his previous BTC price prediction that the king crypto would hit that level within five years.
Novogratz said in a recent interview that the Federal Reserve's monetary-tightening campaign led by chairman Jerome Powell has been the key factor that caused the Bitcoin price to plunge 63% to just under $17,000 this year.
"No, not in five years," he told Bloomberg TV when asked about a previous prediction he'd made that Bitcoin would hit $500,000 by 2027.
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Novogratz said in a recent interview that the Federal Reserve's monetary-tightening campaign led by chairman Jerome Powell has been the key factor that caused the Bitcoin price to plunge 63% to just under $17,000 this year.
"No, not in five years," he told Bloomberg TV when asked about a previous prediction he'd made that Bitcoin would hit $500,000 by 2027.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Released:
Dec 2, 2022
Format:
Podcast episode
Titles in the series (100)
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