Michael Novogratz: Bitcoin will continue to maintain the $55,000 to $75,000 range
2024-05-14 14:59:25
Michael Novogratz, founder of digital asset financial services firm Galaxy Digital Holdings Ltd., said bitcoin is likely to remain in a relatively narrow trading range for the current quarter, while the adoption of cryptocurrencies in traditional finance continues. "We are now in the consolidation phase of cryptocurrencies," Novogratz said on a conference call following the company's Quarter 1 earnings release on Tuesday. "The price of bitcoin could be between $55,000 and $75,000."
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