YOU SHOULD BE ‘REAL NERVOUS’ IF BTC PLUNGES THIS FAR

Mike Novogratz maintains that even ordinary investors should invest 2-3 percent of their portfolios into cryptocurrencies. However, he warns that they should get “real nervous” if they observe the bitcoin price slide below a key level.

The Galaxy Digital founder and longtime crypto bull told CNBC he doesn’t ever expect to see a sub-$5,000 bitcoin again and will grow increasingly fearful if it unexpectedly begins to slide toward that level.

Perhaps that’s why he still keeps 7 percent of his assets in physical gold, even as other industry heavyweights like Grayscale implore investors to “drop gold” entirely.

Reference: https://www.ccn.com/mike-novogratz-bitcoin-price-analysis/

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Author: Neo Anderson

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