Michael Novogratz: Bitcoin is unlikely to fall back to the level of 50,000 to 55,000 US dollars
Galaxy Digital founder and CEO Michael Novogratz said in a CNBC interview on Wednesday that he does not believe the price of Bitcoin will fall back to the level of $50,000 to $55,000. He stated: "I think this is the new bottom unless something dramatic happens. This is a crazy asset, we are in price discovery mode, if you look at the chart, $100,000 might be the target price for Bitcoin."
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