American entrepreneur and head of Galaxy Digital Mike Novograz believes that the price of Bitcoin has practically coped with the long bearish trend and will soon be in the corridor between $ 3,000 and $ 6,000. He expressed this opinion in an interview with Bloomberg.
He also said that while the global economy is also in serious trouble, macro-trading is becoming even more interesting than the digital currency market.
“We are entering a new era of macro trading. Cryptocurrencies already seem so interesting. For many years, macro trading was quite boring, and cryptocurrency caused delight, ”he said.
Acknowledging that the cryptocurrency bubble burst, resulting in a significant correction of many digital assets (in some cases up to 95%), Mike Novograz however notes that technology continues to evolve, entrepreneurs are still interested in this industry, and this is especially noticeable in the progress with infrastructure point of view.
For this reason, Novograz is quite optimistic about the future and is confident that a digital way of preserving values will inevitably appear, and most likely, according to him, it will be Bitcoin.
He also expressed confidence in the emergence of Web 3.0, where there will be numerous tokenized objects – from limited partnerships and foundations to works of art.
Earlier, Mike Novograz said that with the arrival of institutional investors in the market in the first half of 2019, Bitcoin has every chance of reaching new historical heights.
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