Michael Novogratz: Bitcoin will continue to stay in the $55,000 to $75,000 range
Michael Novogratz, the founder of Galaxy Digital Holdings Ltd., a digital asset financial services company, said that Bitcoin may continue to maintain a relatively narrow trading range in this quarter, while the adoption of cryptocurrencies in traditional finance continues. Novogratz said during a conference call after the company released its Q1 financial report on Tuesday, "We are now in the consolidation phase of cryptocurrencies. The price of Bitcoin may be between $55,000 and $75,000."
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