Galaxy Digital CEO Mike Novogratz made statements about Bitcoin in the Squawk Box he attended.
Novogratz stated that the volatility of the leading crypto asset is lower than Ethereum (ETH) and other altcoins, saying that it will “continue to fall.
“I think Bitcoin volatility is definitely decreasing”
Novogratz stated that many corporate companies invest in Bitcoin, and that for this reason, there has been a decrease in volatility and that it will continue in this way.
Galaxy Digital CEO stated that volatility may have decreased as institutions do not expect quick gains with Bitcoin. For this reason, companies that want short-term gains tend to turn to Ethereum and other altcoins.
Despite all these explanations, Novogratz continues to think that Bitcoin is a store of value and will never become widespread as a transactional currency, despite the Lightning Network.
Novogratz did not neglect to share his prediction about Bitcoin in the program he attended. According to him, Bitcoin will not see below the $42,000 level.
At the time of writing, Bitcoin is trading at $ 50,998 according to CoinMarketCap data.
