Warning to Crypto Investors from Mike Novogratz

Galaxy Digital CEO Novogratz said that altcoins could still see massive devaluations.

Warning to crypto investors from Mike Novogratz, CEO of Galaxy Digital. The successful businessman, known for his support of Bitcoin, made evaluations about the cryptocurrency markets. Stating that the fluctuation in the market is not over yet, Novogratz said, “Altcoins have fallen by more than 80 percent. In 2017, the loss was over 95 percent. My point is, picking bottoms is dangerous, and tread carefully if you do.” Although the successful businessman said that the macro ground seems to be in a bearish trend, he made optimistic predictions that the crypto markets will eventually recover and said: “Crypto is not going away. The amount of human capital moving into the field is not slowing down. The focus on creating decentralized infrastructure that allows value and property to flow as freely as information on the internet is not slowing down. Our community is resilient, has a shared belief in doing something new and has the reassurance that it is a very early start.” Novogratz added that all financial instruments, not just crypto markets, have a dangerous outlook.     Source: Coincolic     You May Also Be Interested In: https://ieconomy.io/novogratz-1-milyon-dolarlik-bitcoin-bahsine-girdi/