The head of Galaxy Digital predicted the growth of the crypto market in the fourth quarter

Mike Novogratz is confident that in the coming months Bitcoin will reach $ 80-100 thousand, the Ethereum rate will exceed $ 5 thousand, and the rest of the altcoins will show parabolic upward movements Galaxy …

Mike Novogratz is confident that in the coming months Bitcoin will reach $ 80-100 thousand, the Ethereum rate will exceed $ 5 thousand, and the rest of the altcoins will show parabolic upward movements

Galaxy Digital CEO Mike Novogratz said in an interview with CNBC that in his opinion, the cryptocurrency market will actively grow until the end of this year. In the fourth quarter, the price of bitcoin is able to renew its historical maximum and reach levels of $ 80 and $ 100 thousand, Novogratz predicted. According to him, at the same time, the Ethereum rate may rise to $ 5 thousand.

Other altcoins may show parabolic growth following the largest cryptocurrencies, noted the head of Galaxy Digital. Novogratz said that the reason for the active growth of the digital asset market was a large influx of investments in the cryptocurrency industry.

“We left China, we got out of regulation, and the market keeps going. He is holding on because new money is coming in. In the first half of the year, $ 17 billion in new venture capital was invested. It's just a huge influx of money, ”Novogratz noted.

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