Cryptocurrency News
Is the bottom in? Raoul Pal, Scaramucci load up, Novogratz and Hayes weigh in
2022.06.15 07:26
Is the bottom in? Raoul Pal, Scaramucci load up, Novogratz and Hayes weigh in
Some of the highest-profile investors in crypto believe that a crypto market bottom is fast approaching and the timing is right to buy — although one still warns of catastrophic outcomes should prices fall below established support levels.
Billionaire Mike Novogratz, the founder, chairman and CEO of digital asset merchant bank Galaxy Digital Holdings told a Morgan Stanley (NYSE:MS) conference on June 13 that cryptocurrencies may be close to a bottom, with Ethereum (ETH) likely to hold at $1,000 and Bitcoin (BTC) at around $20,000 to $21,000.
