The latest cryptocurrency news feature one of the most optimistic investors in the world and the founder of the Galaxy Digital network, Michael Novogratz. In a new interview, the bullish investor Novogratz said that he wished he had sold more when BTC reached a new 2019 high trading at $13,800.
After reaching the high, the Bitcoin price dropped by around 30% against the US dollar and recorded a pullback that is still subsequent to a 230 rise and gains year-to-date. However, the bullish investor Novogratz was featured on many best cryptocurrency news sites for explaining that he hoped to have sold more when BTC spiked to the highs.
On CNBC, the bullish investor Novogratz said that he wished to have sold more of his Bitcoin holdings before the asset dropped 30%. As he revealed, he remains optimistic in the long term growth of the dominant crypto asset:
“I have to say taken out of context some or I wasn’t clear enough. Of course you would rather have sold something if you could buy it down 30 percent the next day. I do think we consolidate 10-14k before next move higher. I am still very bullish BTC,” said Novogratz.
In times when Bitcoin is driving the altcoin news to a positive momentum and when traders expect BTC to consolidate in the $10,000 to $14,000 range, the asset is on a strong upside trend.
BTC is also up more than 200% on the year, even with the 18% drop from $13,800. This, according to many, is definitely not a reason to make anyone pessimistic or regretful – especially not the bullish investor Novogratz who is known for his optimism.
Aside from commenting BTC’s recent performance, Novogratz said that he believes regulators will allow libra as a means to compete against the China and Alibaba Alipay.
“This is why I believe the regulators will allow libra. They don’t want the Chinese to dominate global payments. And at least the blockchain piece of this gives some privacy vs all of Alipay’s payments going to the Chinese government clearing house,” Novogratz said.
Currently, Bitcoin is trading at $11,968 with a $212 billion market cap and a daily trading volume of $30 billion.
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