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Mike Novogratz Predicts Deadlines For New Bitcoin Rally

Mike Novogratz, the head of Galaxy Digital, a crypto-trading bank, is sure that institutional investors' attention to digital assets will push Bitcoin to growth in the next 6-24 months.

The billionaire admitted that he was in a hurry, trying to attract institutionalists to the digital asset market three years ago. However, now, in his opinion, an excellent moment has come for a new attempt:

Galaxy can continue to invest in cryptocurrencies and other business areas, but the real core of our offer is serving institutional customers. If they dont come, then with luck we are all bad,said Novograts. Also, the businessman is confident that the measures taken by the Fed to support the economy will affect the price of the coin.

In the week after the crisis began, the Fed printed more dollars than for the entire period 2008-2009, Novogratz claims. By this, he confirmed his April forecast, in which he noted that government anti-crisis measures make Bitcoin attractive to investors in the long term as a non-inflationary asset.

Mike is incompetent as a market analyst. He tells people only what is beneficial to his business. This is not the person, paying attention to the words of which you can evaluate the market and its prospects.

This time, he gave his forecast a wide spread between the dates). This is not analytics, but fortune telling.

If he guesses, he will boast about it. And if he makes a mistake, he will criticize the market and bitcoin, like John McCaffee. From bitcoin maximalist will turn into criticism).

If Novorgratz says to buy, then it's time to sell.)

This applies to all analysts. They always make money on losses of the majority. Therefore, when everyone is running like crazy to buy, it's time to look for an entrance for a short.