Mike Novogratz says that the Crypto Market Slump is Over. It has reached a minimum, now it will start to grow. So says the well-known investor and founder of Galaxy Digital Capital Management Mike Novogratz. Novogratz published a chart of the Bloomberg Galaxy Crypto Index, which, in his opinion, shows that the market reached the same point as it was in mid-November 2017. After that, the cryptocurrencies began to rise in price, and the cost of bitcoin reached $20,000.
And what are your thoughts?
I fully agree with Mike Novogratz. I think we've already reached the minimum, the bottom)) I guess the growth will start after the first ETF will be approved by SEC. It will the first quarter of 2019. Also the launch of Bakkt in October can push the market upwards significantly. Let's see as they say)