Bear Trend to End Soon, Novogratz Believes

Novogratz is quite optimistic about the future and is confident that a digital way of preserving values ​​will inevitably appear
19 December 2018   494

American entrepreneur and head of Galaxy Digital Mike Novogratz believes that the price of Bitcoin has practically coped with the long bearish trend and will soon be in the corridor between $ 3,000 and $ 6,000. He expressed this opinion in an interview with Bloomberg.

We are entering a cool era for macro. Crypto is less exciting now versus macro. Macro got quite boring for many years, and crypto was really exciting.
 

Mike Novogratz

Founder, Galaxy Digital

Acknowledging that the cryptocurrency bubble burst, resulting in a significant correction of many digital assets (in some cases up to 95%), Mike Novogratz however notes that technology continues to evolve, entrepreneurs are still interested in this industry, and this is especially noticeable due to infrastructure point of view.

For this reason, Novogratz is quite optimistic about the future and is confident that a digital way of preserving values ​​will inevitably appear, and most likely, according to him, it will be Bitcoin.

He also expressed confidence in the emergence of Web 3.0, where there will be numerous tokenized objects - from limited partnerships and foundations to works of art.

South Koreans to Invest in Crypto Actively

In addition to the investment amounts, the share of those interested in investing in digital assets also increased
22 April 2019   81

The average amount of investments in cryptocurrency from South Korean invesetprs is $ 6,100, which is 64% more than last year, Cointelegraph reports.

According to a survey conducted by the Korean Fund for the Protection of Portfolio Investors, in addition to the investment amounts, the percentage of those interested in investing in digital assets also increased. Thus, 7.4% of the 2500 respondents have already acquired cryptocurrency (last year there were 6.4% of those). It is noteworthy that this figure has increased, despite several major break-ins of the South Korean crypto exchange, as well as tougher regulation of the industry.

Analysts connect the market with a recent bitcoin price jump and hope for a new bull rally.

Recall recently it became known that 94% of trust capital funds invest in cryptocurrency.