Galaxy Digital CEO Mike Novogratz mentioned that investors do not need to fear the fall in the value of bitcoin.
The main value of a cryptocurrency lies in its technology. We see the expansion of a qualitatively new ecosystem that is not subject to any state.
Novogratz made similar statements earlier. For example, in the middle of last month, he pointed to an area of influential support for bitcoin in the region of $ 40,000. According to the billionaire, as long as the cryptocurrency holds above this psychological mark, there is no reason to panic.
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In his conversation with reporters this week, Mike Novogratz focused on bitcoin technology. If you are already betting on BTC, then you are entering a new era. We are seeing a fundamental change in relationships in the global financial sector. The core of the new system is a cryptocurrency, said the CEO of Galaxy Digital.
Bitcoin is trading at $ 43,500 on Friday, October 1st. Volatility escalated late last week following an aggressive statement from the People’s Bank of China. The market is currently calm.