Cryptocurrencies

Billionaire Mike Novogratz Sees Bitcoin Finding Bottom at $38,000-$40,000

Billionaire tells CNBC he’s waiting a little longer to buy
He had said last month that Bitcoin could hold at $42,000

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By Misyrlena Egkolfopoulou and Patrick McHale

January 6, 2022 at 4:28 PM UTC

This article is for subscribers only.

Bitcoin could slide even lower before finding support, according to crypto billionaire Mike Novogratz.

The chief executive officer and founder of Galaxy Digital Holdings told CNBC that the digital asset could find a bottom at the $38,000-$40,000 level. That prediction is more bearish than just a few weeks ago, when he said Bitcoin could hold at about $42,000.