Mike Novogratz: Bitcoin (BTC) will trade higher in 2024

Mike Novogratz: Bitcoin (BTC) will trade higher in 2024

Recently, Mike Novogratz, a well-known figure in the cryptosphere, recently shared his bullish outlook for Bitcoin (BTC) in 2024 on social media platform

Content
Advertisement

Recently, Mike Novogratz, a well-known figure in the cryptosphere, recently shared his bullish outlook for Bitcoin (BTC) in 2024 on social media platform

This forecast came in response to a bearish post by Chris J. Terry, who predicted a bleak near-term future for Bitcoin due to potential selling pressure following Grayscale’s decision to maintain a 1.5% fee on its exchange-traded fund. on the stock market (ETF).

Novogratz’s optimistic outlook

Novogratz expressed disagreement with Terry’s pessimistic view. He believes investors could sell their holdings of Grayscale Bitcoin Trust (GBTC), but are likely to reinvest in other ETFs, particularly favoring BTCO.

Related
Cardano Closes Into Top 10 Chains by NFT Trading Volume

The cryptocurrency mogul emphasized the ease of investing for a broader demographic, including boomers, through these ETFs.

He also pointed out the possibility of leveraging Bitcoin exposure up to four or five times. In his opinion, the current market malaise will pass, leading to a higher valuation of Bitcoin in the next six months.

JPMorgan’s cautious stance

In contrast to Novogratz’s optimism, JPMorgan remains bearish due to expected selling pressure from Grayscale.

This sentiment is shared by several financial sector analysts, who see the recent approval of multiple Bitcoin spot ETFs as a precursor to downward pressure on the price of Bitcoin.

Despite this, some analysts, such as Tuur Demeester, maintain a positive outlook. Demeester recently commented on Bitcoin’s resistance amid negative news coverage, noting that the cryptocurrency has reached predictable resistance and is now trading within a specific range.

Leave a Reply

Your email address will not be published. Required fields are marked *

Best Exchanges
Buy, trade, and hold 600+ cryptocurrencies on Binance
Buy, trade, and hold 450+ cryptocurrencies on ByBit
Buy, trade, and hold 150+ cryptocurrencies on Kucoin
Buy, trade, and hold 100+ cryptocurrencies on BitFinex 
Buy, trade, and hold 150+ cryptocurrencies on CoinBase

Guru Investing is an independent source of information about investing , not controlled by any broker. All our reviews and guides are created honestly, according to the best knowledge and judgement of the members of our independent expert team; however, they are intended for informative purposes only and should not be construed as, nor relied upon as, legal advice. You should always make sure that you meet all regulatory requirements before making any financial operations . Copyright ©2024 Email for contact [email protected]
follow telegram
pornhd.com hindisexyporn.com kashmiri girls sex jayasex indaporn.info desi bhabi xxx xlnindia sexo-vids.com 1st time sex video たかはししょうこ動画 javfuck.mobi 真正中出し3本番 彩乃なな sex film sexy film xxxhindividoes.com xnxx indian teens
ano nga ba ang pangarap iwantmoreteleserye.com hello heart episode 3 reshma hot saree images nuporn.mobi xvidies com bihar chudai tubezaur.mobi heroine photo hot dasixx hardcoreporntrends.com ileana d'cruz hot photoshoot www.xxxsexvideo.com xbeegtube.mobi hindi movi
www sxe vidoes erohardcore.info boops sucking dehati fuck kitporn.info chuk chuk rail fuckcomix.com mojoporntube.net gujaratisexvidio probinsyano october 18 2021 full episode freeteleseryetv.net ang probinsyano july 14 2022 قصص سكس كرتون cmsextra.net سكس بنات تخينة