Novogratz said that the arrival of institutional players has taken a little longer than expected. As a result, he cuts down on Bitcoin price prediction to below $10000 by the year-end.
Fidelity will be leveraging its huge expertise and technology in launching the cryptocurrency institutional-grade products and custody solutions.
Novogratz said that just like the retail FOMO last year, there will be an institutional FOMO as he expects huge money inflow by Q1 and Q2 of 2019.
Shares of Galaxy Digital Holdings Ltd. plummeted by more than 20% soon after the listing owing to poor Q1 results this year.
Following “frustrating” process of receiving the final approval from Canada’s regulators, Novogratz’ cryptocurrency merchant bank Galaxy Digital gets listed on Toronto’s TSX Venture Exchange.
One of the richest people in cryptocurrency explained the importance of the due regulatory approach of the crypto sphere for its mass adoption and shared noteworthy opinion on the influence of retail investors on this process.
Bloomberg Terminal has announced the addition of HB10 crypto market index launched by Huobi Pro to its terminal service.
Experts from the crypto space have backed the DOJ’s investigation in Bitcoin price manipulation saying that it will help to remove unwanted elements from the crypto market.
EOS, a software introducing a blockchain architecture designed to enable all-round scaling of DApps, welcomes starry members to its team, once again showing the Wall Street that cryptos are here to stay.
While some traditional investors try to discourage people from investing into cryptocurrencies, Mike Novogratz believes that investing in crypto is a must.