Galaxy CEO: Bitcoin Breaks $100000 'Inevitable' But Possible pullback

Odaily Planet Daily News: Michael Novogratz, founder and CEO of Galaxy Digital, said 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. Although the price of Bitcoin reaching six figures is "inevitable" and may continue to rise, it will eventually rebound. At present, there is a large amount of leverage in the cryptocurrency market, and the cryptocurrency community has become highly leveraged, so a market correction is imminent. In addition, Michael Novogratz also warned that stocks traded in a way similar to Bitcoin leveraged trading, such as MicroStrategy, may face greater adjustments. （CNBC）