The founder of Galaxy Digital predicts that the price of Bitcoin will rebound through GBTC alternatives
Cryptocurrency market analyst Chris J Terry recently predicted that the price of Bitcoin (BTC) may remain stagnant or fall before the $25 billion liquidation of GBTC is completed. Galaxy Digital founder Mike Novogratz holds a different view. He believes that despite the expected sell-off of GBTC, most investors will still shift their attention to alternative ETFs, leading to an increase in Bitcoin prices within six months.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
ScamSniffer: Phishing losses reached $12.17 million in August, up 72% month-on-month
Mizuho Bank: The Fed Has Been "Slapped by Reality," Easing Cycle Is About to Begin
Outlook for Next Week: US August PPI and CPI Data Incoming, Is a Rate Cut Already a Foregone Conclusion?
Trending news
MoreCrypto prices
More
