Novogratz Sees Bitcoin Rising, Says ETFs Likely to Be Approved
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Mike Novogratz, the founder of Galaxy Digital Holdings Ltd., said he expects Bitcoin to rise by the end of this year and predicted the US will approve Bitcoin exchange-traded funds.
“I think it ends the year higher,” Novogratz said in an interview on Bloomberg TV Wednesday. “We’re consolidating between $28,000 and $32,000.” He added that the digital currency would probably advance further after the Federal Reserve decides it’s done with interest-rate hikes.