Novogratz Believes Bitcoin Set to Stay Above $10K

Galaxy Digital’s Michael Novogratz says the turmoil across the U.S. and the continuing pandemic will push Bitcoin above $10,000; “$BTC is coiling. It will take out 10k soon. All the tragic turmoil in the USA adds to the narrative. Budgets are going one way and it’s the opposite of balanced. When 10k goes it will move fast. Get on the train,” Novogratz tweeted according to Business Insider; Novogratz is not the only investor with confidence in Bitcoin, in May famous hedge fund manage Paul Tudor Jones said in a client letter he was long on bitcoin to hedge against inflation; Bitcoin did surge above $10,000 before retreating below to sit around $9,560 as of this writing. Business Insider

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