Bitcoin Could Go Down - Galaxy Digital CEO Mike Novogratz😨

in #bitcoin • 4 years ago

On Thursday's broadcast of CNBC's "Squawk Box," Galaxy Digital CEO Mike Novogratz warned that #Bitcoin could go down together with stocks because there is too much correlation with risk assets:

If the S&P was down 20 #percent in the next three days, Bitcoin would be lower, not higher.

He predicts that high-flying stocks like #Tesla (TSLA) are eventually going to "reverse hard": You've got to watch for cracks.

One day, we will wake up, and markets will be reversing, and then they will reserve hard. Money printers have no rest!

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4 years ago in #bitcoin by
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