News

Mike Novogratz Is Confident Of Institutional Fund Flowing Into The Crypto Market

Mike Novogratz, the billionaire and head of crypto investment fund, Galaxy Digital stated that he is confident of institutional fund flowing into cryptocurrency. Mike stated in a recent tweet which appeared to have been composed while not in a proper state of mind.

Influx of Institutional Fund Into Cryptocurrency

Nothing is soothing to crypto enthusiasts than a message of hope and assurance that the crypto winter market would be over soon. This message gives the confidence to trust the market and take another bold step in investment.
The recent tweet of the CEO of Galaxy Digital, Mike Novogratz represents another hope of assurance and certainty to crypto enthusiasts alike. Novogratz stated in the tweet that;
 


The influx of institutional fund is noted as one of the main factor needed for the recovery of the crypto market and also needed for the industry to see full-scale adoption. Though it seems it is tarrying, Novogratz’s tweets note that there is a certainty that this will take place soon.
Novogratz is a household name in crypto prediction as he was persistent of his view on a bullish crypto trend in 2018 despite the bearish trend. Novogratz stated that crypto market is going to reach $20k during the period. However, the lingering crypto winter market and the loss of about $100 million he suffered in the market has made him change his stance a bit in recent time.
Also, Novogratz admits that the bullish crypto trend is going to take place in some months time, which means the bear market will still linger for awhile. However, he said it is certain that the bullish trend will take place.

The Crypto Bear Market

The tweet was followed by some reactions in which Novogratz stated that he was not 100 percent sober while the post was made. However, there is still certainty of a crypto market reversal. Recently Novogratz also raised $250 million loan fund for crypto firms to enable them to survive the winter market.
The winter market has made many crypto firms to fold up, and many also reduce their workforce as various austerity measures are being applied to survive the market ahead of the next bullish trend.

Related posts
CoinbasecryptocurrencyCryptocurrency NewsFeaturedNews

How Coinbase is Driving the Crypto Market to the Richest Fintech Hands

Not every cryptocurrency proponent is a fan of the giant exchange platform Coinbase. But if sentiments are kept aside, it is crystal clear that the platform is leading the cryptocurrency market into some of the richest hands the industry will…
CelebritiescryptocurrencyCryptocurrency NewsdogecoinDOGEUSDNews

Caving To The Mania: Rapper Meek Mill Invests In Dogecoin As DOGE Continues To Smash Records

Dogecoin is becoming the digital currency of the stars. The cryptocurrency’s monstrous upsurge has attracted the attention of many A-list celebrities and business moguls, including singer Gene Simmons, rapper Snoop Dogg, adult entertainment star Mia Khalifa — and now American…
EthereumEthereum NewsETHUSDethusdtMarketsNews

Ethereum Likely to Surpass $10,000, Early Coinbase Backer Garry Tan Asserts

• A stakeholders gathering last week Saturday with the presence of representatives of the fortune-500 mega-conglomerate, Berkshire Hathaway (BH) witnessed many disparate remarks against the future of cryptocurrency. • Garry Tan, took to CNBC afterward, to assure calm stating that:…