US-based financial services company Galaxy Digital CEO Mike Novogratz made important statements about Bitcoin.
Speaking to Bloomberg, the experienced CEO said after Tesla announced that he bought $ 1.5 billion Bitcoin, “You will see that every company in the United States is doing the same thing. Companies adding Bitcoin to their treasury funds and considering adding cryptocurrency to their balance sheet will increase rapidly. Miami is also considering adding crypto money to its balance sheet, “he said.
Stating that Tesla’s CEO Elon Musk is a genius and is turning to the interests of the new generation by listening to people, Novogratz added, “The only thing that connects Bitcoin, Tesla, solar energy shares is to invest in generation Z”.
With the wind from Tesla, Bitcoin has risen 24 percent in the last 24 hours to exceed $ 48,000.
Novogratz said, “If the momentum continues under the conditions I mentioned, we can see that Bitcoin is $ 100,000 by the end of the year.”
“BAD RESULT IN AVOIDABLE”
Novogratz stated that investors were over-appetizing in Dogecoin as in the GameStop incident.
Mike Novogratz, “I think the DOGE madness will turn out bad,” he said. Reminding that GameStop resulted in a similar scenario, Novogratz stated that Dogecoin has no purpose and commented, “Continue with Bitcoin and Ethereum. There are many logical ways to play in this crypto rally.”
Cryptocurrency analyst Scott Melker thinks that investors’ belief that Dogecoin will continue to rise is a delusion, in line with Novogratz. DonAlt, a popular technical analyst on social media, also shared on Twitter that the increase in Dogecoin could be a coordinated pump & dump and investors could “lose their money” after this rally.
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