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Galaxy Digital founder: Bitcoin could return to $100,000 by the end of the year, but there will be significant selling pressure at that time.
BlockBeats news, on November 27, Mike Novogratz, founder of the well-known encryption investment institution Galaxy Digital, stated in a podcast that he still firmly believes Bitcoin can return to $100,000 by the end of the year, but there will be significant selling pressure at that time. This is because the big dump on “1011” has a mid-term psychological impact on the market. Meanwhile, Novogratz mentioned that with the clarity of encryption policies and the entry of TradFi giants, the market will undergo deep differentiation in the future, and tokens that can provide value will be favored.