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Mike Novogratz Says Bitcoin’s Drop Is Air Being Popped Out of Balloon
Summary: Novogratz said in an interview with Bloomberg, "Tuesday’s sudden plunge in Bitcoin was the consequence of investors having gotten a little too excited. No investor wants to miss the next internet. I think we just got too excited and this was a little air being popped out of the balloon.” The billionaire still believes the ...
Novogratz said in an interview with Bloomberg, "Tuesday’s sudden plunge in Bitcoin was the consequence of investors having gotten a little too excited. No investor wants to miss the next internet. I think we just got too excited and this was a little air being popped out of the balloon.”
The billionaire still believes the digital asset is a store of value in the long run. “There’s been a giant realization that crypto is not just Bitcoin being bought as a hedge against bad monetary and fiscal policy. More importantly, it’s the web 3.0,” he said. He made the comments after Bitcoin plunged as much as 17% to $43,050, its lowest level in almost a month.
By Amy Liu
Tags: Bitcoin,Mike Novogratz
Link: Mike Novogratz Says Bitcoin’s Drop Is Air Being Popped Out of Balloon [Copy]
