According to CNBC, Michael Novogratz, founder and CEO of Galaxy Digital, expressed his views on Bitcoin. He stated that Bitcoin is expected to break through the highly anticipated $100000 mark in the strong rebound after the US election, but this does not mean that it will continue to rise. Novogratz pointed out in the program "Financial Forum" that although the price of Bitcoin reaching six digits is "inevitable" and may continue to rise, it will eventually rebound. He emphasized that there is currently a significant amount of leverage in the cryptocurrency market, and the cryptocurrency community is highly leveraged, so a market correction is imminent.
However, Novogratz predicts that Bitcoin will not fall below $80000, the price before Trump's election. He also warned that stocks with trading methods similar to Bitcoin leveraged trading, such as MicroStrategy, may face greater adjustments. In addition, Novogratz recommends investors to directly purchase Bitcoin instead of companies like MicroStrategy.
