Optimistic Forecast For The End Of The Year From Mike Novogratz

Galaxy Digital CEO Mike Novogratz predicted that in the last quarter of 2022, the bull cycle in the cryptocurrency markets could be tied.

Optimistic Forecast for the End of the Year by Mike Novogratz. The successful businessman who attended CoinDesk's Consensus 2022 conference and evaluated the current situation in the cryptocurrency markets, made positive predictions for the end of the year. Novogratz, who suggested that there will be a recovery in the cryptocurrency markets under the influence of the LUNA earthquake in the last quarter of the year, said, “My hope is that by the fourth quarter, the economy will slow down as much as the Fed says we will stop, and then we will see the next crypto cycle begin. Then Bitcoin will break out of stocks and lead the markets.” he said. Mike Novogratz, known for his support of LUNA prior to the crash, said that those who enter early enough can win. Novogratz stated that these investors made 300x, pointing out the rate of return that led to the collapse of UST and therefore of LUNA, saying that you cannot get 18 percent for free.