Galaxy Digital CEO Michael Novogratz delivered a fresh bullish price prediction for Bitcoin (BTC) Nov. 5. Novogratz told U.K. business publication Financial News that the leading cryptocurrency could hit highs of “$20,000 or more” in 2019. Speaking to the publication, Novogratz, who is well known for his optimistic outlook for Bitcoin prices, forecast BTC/USD to end this year at around $8,900. “Bitcoin has to take out $6,800, and after that we could end the year at $8,800-9,000,” he said. The largest cryptocurrency has refrained from any marked movements up or down in recent weeks, instead revealing a streak of stability, …

Stablecoin Tether (USDT) should create more “transparency” about its operations, cryptocurrency investor and entrepreneur Michael Novogratz told Bloomberg Oct. 18. Speaking in an interview, Novogratz, whose Galaxy Digital investment company is active in the cryptocurrency space, said he favored alternative stablecoins pegged to the U.S. dollar with known U.S. banking connections. “I think Tether didn’t do a great job in terms of creating transparency," he told the publication discussing Tether’s offshore activities. “The concept of stablecoins makes sense,” Novogratz nonetheless countered, singling out the Winklevoss twins’ Gemini Dollar, which launched in September. Tether has found itself at the source of …

U.S. banking giant Goldman Sachs and its former partner Mike Novogratz, now CEO of crypto investment firm Galaxy Digital, have recently invested in U.S. crypto custody service BitGo, Bloomberg reports Wednesday, Oct. 18. In total, BitGo's series B fund rounding has brought in $58.5 million. According to Bloomberg, Goldman Sachs and Novogratz together contributed about $15 million, as their clients show growing interest in cryptocurrencies. Bloomberg notes that BitGo managed to raise a total of $70 million in all of its fundraising rounds. The significant investment from two firms affiliated with Wall Street might help BitGo attract more wealthy investors …

Investor and cryptocurrency bull Mike Novogratz has fine-tuned his Bitcoin price outlook, repeating to Bloomberg Monday, October 15, that it would not break $10,000 in 2018. The Galaxy Investment Partners creator, who is known for his optimism about Bitcoin’s future, had previously called a “bottom” in the market in mid-September. Now, he thinks more time is required for momentum to build to take prices higher, and the long-anticipated wave of institutional investors piling into the cryptocurrency space will only occur next year. “...I think Q1 [or] Q2 [2019] if the institutions start coming in, we’ll put in new highs,” he …

Mike Novogratz, CEO of crypto investment firm Galaxy Digital Capital Management, has again corrected his Bitcoin (BTC) price forecast. The billionaire investor said he doesn’t expect BTC to break the $9,000 barrier in 2018, CNBC confirmed Wednesday, October 3. Novogratz, a former Wall Street manager, took part in Economist Finance Disrupted conference in New York on Oct. 2. "I don't think it breaks $9,000 this year," he has said from the stage. Novogratz also linked the currently declining prices to the actions of companies in the industry who are selling crypto "just to fund the burn rate of the industry." …

Bitcoin (BTC) stemmed losses compared to many major altcoins Wednesday, October 3, as news hit of crypto exchange Coinbase’s reported $8 billion valuation. Market visualization by Coin360 Data from Cointelegraph’s price tracker and Coin360 shows Bitcoin proving a safe haven against all but one of the top ten crypto assets, losing around 1.6 percent in the 24 hours to press time. BTC/USD had grown over the past week to hit $6,783, before a correction saw prices return to match their position on September 27, trading now at around $6,478 by press time. Bitcoin 7-day price chart. Source: Cointelegraph Bitcoin Price …

Saturday, September 22: crypto markets have seen a mix of red and green, with Ethereum (ETH) having passed Ripple (XRP) to come back to be ranked the second top cryptocurrency by market cap, according to CoinMarketCap. Market visualization from Coin360 After surging up to $6,809 earlier today, Bitcoin (BTC) is slightly down over the past 24 hours, having traded below $6,700 over the past few hours. The leading cryptocurrency is down around 0.5 percent and trading at $6,667 at press time, seeing around 3 percent gains over the week. Bitcoin weekly price chart. Source: Cointelegraph Bitcoin Price Index Ethereum (ETH) …

Galaxy Digital CEO and infamous Bitcoin (BTC) supporter Michael Novogratz says cryptocurrency markets have hit “seller fatigue,” repeating his belief that prices have bottomed, various media outlets report Friday, September 21. As part of his comments at Yahoo Finance’s second annual “All Markets Summit,” Novogratz, who last week “called a bottom” for crypto on social media, said Bitcoin’s price drops throughout this year had demonstrated its new stability. “Bitcoin has held $6,000. Yes, it is off its highs, but it has established itself as a store of value,” he told the audience quoted by Reuters, adding: “I think institutions are …

Mike Novogratz, founder and CEO of crypto investment firm Galaxy Digital Capital Management, said that cryptocurrency prices have hit a bottom in a tweet today, September 13. Novogratz also pointed out that the Bloomberg Galaxy Crypto Index (BGCI), which is designed to measure the performance of the largest cryptocurrencies traded in U.S. dollars, “retouched the highs of late last year and the point of acceleration that led to the massive rally/bubble.” This is the BGCI chart...I think we put in a low yesterday. retouched the highs of late last year and the point of acceleration that led to the massive …

Shares in Mike Novogratz’s crypto-focused merchant bank plunged 20 percent during their trading debut on a major Canadian stock exchange Wednesday, August 1, CNBC reported. After opening at $2.75 Canadian dollars ($2.11 USD) apiece for their first ever listing on Toronto’s TSX Venture Exchange, shares in Galaxy Digital LP fell 20 percent in the first half hour of trading. Shares were down further to $1.98 CAD ($1.52 USD) as of 1:48 p.m. ET August 1, according to CNBC. Galaxy Digital LP is trading as ‘Galaxy Digital Holdings Ltd’ under the stock exchange’s GLXY ticker, slightly renamed after its founder, former …

Mike Novogratz’s crypto-focused merchant bank, Galaxy Digital LP, is set to begin trading on Canada’s TSX Venture Exchange on August 1, Bloomberg reports July 30. The New-York headquartered firm will reportedly trade on the TSX Venture Exchange through a separate vehicle, Galaxy Digital Holdings Ltd., under the GLXY ticker. For Galaxy’s founder, the former Goldman Sachs partner and crypto bull Mike Novogratz, the route to secure this week’s listing has been long-winded. Without the two years’ of audited financials required for a U.S. initial public offering (IPO), the fledgling bank opted for a so-called “reverse takeover” route by merging with …

July 20: Bitcoin (BTC) has split off from other top cryptocurrencies and shows markedly more resilience in holding on to gains secured in the major upswing that kicked off earlier this week. Market visualization from Coin360 As Coin360 data shows, the top coin is an island of green, while most major alts are struggling to maintain positive momentum. Bitcoin (BTC) is trading around $7,398, up a fraction of a percent over the 24 hour period to press time. The leading cryptocurrency has been trading sideways as of early trading hours July 18, following an impressive uptick on July 16 that …