Mike Novogratz

As Bitcoin inches towards $60K, Q4 may see ‘parabolic moves in all of crypto’

Earlier this week, Bitcoin broke through the psychologically important mark of $50,000 for the first time in a month, causing many investors to turn their eyes to the top cryptocurrency again. The resurgence of interest in bitcoin recently has resulted in higher trading volumes, combined with mega whale moves. Someone(s) bought up $1.6B worth $BTC via market orders in just 5 minutes. Short liquidations seem relatively smaller like $17M at that time. This is more like whale buying, not cascade liquidations.https://t.co/dD3OsykiET pic.twitter.com/0NnvbmaYYm — Ki Young Ju 주기영 (@ki_young_ju) October 6,

Lukka Co-CEO Explains How Blockchain Data Saves on Taxes

On July 30th, over thirty of crypto’s top minds gathered for the largest single-day livestream trading event of its kind. Nine star-studded panels included mainstream trading expert Jon Najarian, macro investors Mike Novogratz and Raoul Pal, and technical analysis specialists Erik Crown and Tone Vays, among many others. Head over to the Cointelegraph YouTube channel now to watch the full recording of Cointelegraph Crypto Traders Live!The Cointelegraph Crypto Traders Live event was made possible by data company Lukka. Lukka focuses on processing blockchain and tokenized asset data to support normal

Bitcoin Is Better Than Gold Right Now: Galaxy Digital’s Mike Novogratz

Eyes are starting to fall on both Bitcoin and gold as money printing continues. Case in point: It was revealed that Warren Buffett through Berkshire Hathaway sold many bank stocks while acquiring Barrick Gold shares. There is a debate in certain circles over what investment is better in the current macroeconomic environment, gold or BTC? According to Mike Novogratz, Bitcoin is likely better than the precious metal. This is a sentiment that has also been said by players like Raoul Pal, a former Goldman Sachs partner. Bitcoin Is Better Than

Crypto Tidbits: Bitcoin Explodes Past $11k, Ethereum 2.0 Nears, Cardano’s Shelley Launches

Another week, another round of Crypto Tidbits. It’s been an explosive week for the Bitcoin and crypto market, to say the very least. Bitcoin surged from under $10,000 to as high as $11,500 this week. Over the past seven days, the asset has gained approximately 20% — the best weekly performance in many months. Chart of BTC's price action over the past two weeks from TradingView.com Bitcoin’s recent price action comes as a breath of fresh air for crypto traders, which had to deal with BTC flatlining in the $9,000s for

Novogratz’ Galaxy Digital Continues Losing Streak in 2019, Posts $33M Q4 Loss

Galaxy Digital, a major cryptocurrency investment bank founded by ex-Goldman Sachs partner, Mike Novogratz, continued its 2018 trend by posting another net loss in Q4 of 2019.According to an official April 8 announcement, the company suffered a net loss of more than $32.9 million in Q4, with the company outlining “realized loss on digital assets” and operating expenses as causes for the loss.Galaxy Digital has posted repetitive losses since its founding in 2018Galaxy Digital was officially founded in early 2018 with the mission to institutionalize the crypto industry. Since then,

Mike Novogratz Thrashes Stocks in Favor of Bitcoin and Gold 

Mike Novogratz, the billionaire and founder of cryptocurrency merchant banking firm Galaxy Digital, has cast doubt over the long-term stability of the United States stock market.In the wake of widespread market rebounds from the coronavirus, the billionaire and Bitcoin bull has come out to bash traditional stock portfolios, touting alternative investment classes like Bitcoin and gold instead. Cash is Trash, and Stocks are MisleadingNovogratz appeared on a recent episode of CNBC’s “Squawk on the Street” segment earlier this week, where he counseled investors to keep off traditional stocks and keep their wealth

Price Analysis April 3: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LEO

On April 2 the U.S. Labor Department reported that the U.S. weekly jobless claims skyrocketed to 6.6 million. In the previous week, the claims stood at 3.3 million, meaning over the past two weeks the number of laid off American workers seeking unemployment benefits has reached 10 million. If the numbers continue to grow, the government and Federal Reserve is likely to announce another round of stimulus measures.All the money printing is likely to erode the value of the US dollar. In such a case, the investors will search for

Bitcoin Bull Mike Novogratz Says He Might Ditch BTC if it Fails to Hit $20k This Year

As Bitcoin (BTC) struggles to recoup the 2020 gains it shredded last month amid the Coronavirus pandemic, Mike Novogratz of Galaxy Digital is still bullish on the cryptocurrency, and he believes that BTC still has much more to offer. Novogratz predicts BTC at $20k in 2020 More like a life bet on Bitcoin, Novogratz said in an interview with CNBC’s Closing Bell segment on Thursday that he is ready to retire if the world’s most valuable crypto doesn’t hit the $20,000 mark this year. Speaking optimistically, the CEO of Galaxy