Galaxy Digital CEO Mike Novogratz expects Bitcoin to hold the $ 40,000 level and then rise after a period of consolidation in the Squawk Box program, which he attended.
Stating that more and more institutions are entering Bitcoin, Novogratz states that he is no longer “a lonely Wall Street guy” who speaks loudly about it.
Novogratz announced that he bought cryptocurrency with 85% of his entire assets.
Bitcoin Dominance Is Declining
Bitcoin’s dominance currently stands at 39.3 percent, a multi-year low, according to CoinMarketCap data.
While the leading crypto currency is struggling to gain power following the statements of Elon Musk, many altcoins such as Polygon (MATIC) Synthetix (SNX) are making excellent gains.