Michael Novogratz, the billionaire cryptocurrency investor who heads Galaxy Digital Holdings Ltd., said Bitcoin is likely to continue to trade in a range this year with the Federal Reserve raising interest rates.
“I don’t think Bitcoin can rally aggressively until we get a pause,” Novogratz said during a TV interview on Bloomberg Crypto. Novogratz noted that he had earlier forecast a 2022 range of $30,000 of $50,000 for Bitcoin, which was little changed Tuesday at about $39,200 in New York trading.
