{"id":552498,"date":"2023-02-16T06:48:32","date_gmt":"2023-02-16T03:48:32","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/galaxy-digital-ceo-wouldnt-be-surprised-if-bitcoin-hit-30k-this-quarter\/"},"modified":"2023-02-16T06:48:32","modified_gmt":"2023-02-16T03:48:32","slug":"galaxy-digital-ceo-wouldnt-be-surprised-if-bitcoin-hit-30k-this-quarter","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/galaxy-digital-ceo-wouldnt-be-surprised-if-bitcoin-hit-30k-this-quarter\/","title":{"rendered":"# Galaxy Digital CEO \u2018wouldn\u2019t be surprised\u2019 if Bitcoin hit $30K this quarter"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_89 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6af3db2882f89\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6af3db2882f89\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/galaxy-digital-ceo-wouldnt-be-surprised-if-bitcoin-hit-30k-this-quarter\/#%E2%80%9D_Galaxy_Digital_CEO_%E2%80%98wouldnt_be_surprised_if_Bitcoin_hit_30K_this_quarter_%E2%80%9C\" >&#8221; Galaxy Digital CEO \u2018wouldn\u2019t be surprised\u2019 if Bitcoin hit $30K this quarter &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Galaxy_Digital_CEO_%E2%80%98wouldnt_be_surprised_if_Bitcoin_hit_30K_this_quarter_%E2%80%9C\"><\/span>&#8221; Galaxy Digital CEO \u2018wouldn\u2019t be surprised\u2019 if Bitcoin hit $30K this quarter &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-71a7a826>Galaxy Digital Holdings CEO, Mike Novogratz, believes there&#8217;s a chance Bitcoin (BTC) could return to $30,000 or above before the end of March.<\/p>\n<p>According to a Feb. 15 Bloomberg <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-02-15\/novogratz-sees-chance-of-bitcoin-hitting-30-000-this-quarter\">report<\/a> Novogratz spoke at a Bank of America conference the same day and said he would\u2019ve been the \u201ch<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>iest guy\u201d if 2022 ended with BTC at $30,000, but added:<\/p>\n<blockquote><p>\u201cWhen I look at the price action, when I look at the excitement of the customers calling, the FOMO building up, it wouldn\u2019t surprise me if we were at $30,000 by the end of the quarter.\u201d <\/p><\/blockquote>\n<p>The prediction is much lower than others Novogratz has made in the past. The Galaxy CEO once believed Bitcoin could reach $500,000 by the end of 2027 if the United States Federal Reserve kept hiking interest rates.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Announcing #48 of Cointelegraph\u2019s Top 100 influencers in Crypto and Blockchain<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/novogratz?ref_src=twsrc%5Etfw\">@novogratz<\/a> <\/p>\n<p>Former Goldman Sachs partner turned crypto mogul and founder of <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/galaxyhq?ref_src=twsrc%5Etfw\">@galaxyhq<\/a>, a big investor who acquired <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/ArgoBlockchain?ref_src=twsrc%5Etfw\">@ArgoBlockchain<\/a>&#8216;s mining facility, and recently won an auction to buy <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/GK8_Security?ref_src=twsrc%5Etfw\">@GK8_Security<\/a>. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/ejpcFzOsYQ\">pic.twitter.com\/ejpcFzOsYQ<\/a><\/p>\n<p>\u2014 Cointelegraph (@Cointelegraph) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Cointelegraph\/status\/1625880187568066560?ref_src=twsrc%5Etfw\">February 15, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>During Wednesday\u2019s conference, Novogratz again made mention of rate hikes by Fed chair, Jerome Powell, who announced an interest rate hike of 25 basis points on Feb. 1. Novogratz said he didn\u2019t expect the fed to change its tune anytime soon:<\/p>\n<blockquote><p>\u201cWhat makes me skeptical that we can have the explosive, back-to-the-old highs this year is Chairman Powell. He\u2019s really doing what he says he\u2019s going to do, and I don\u2019t see the Fed pivoting and cutting anytime soon.\u201d<\/p><\/blockquote>\n<p>Alongside the Fed\u2019s February rate hike, Powell indicated inflation in the U.S. had begun to slow, which saw Bitcoin shortly spike above $24,000 before declining below $22,000.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>US lawmakers reintroduce bill to remove roadblocks for crypto investments in retirement accounts<\/em><\/strong><\/p>\n<p>Following expected U.S. Consumer Price Index (CPI) January figures on Feb. 14, Bitcoin gained nearly 12% in the past 24 hours and hit over $24,700 \u2014 its highest level since mid-August 2022 according to Cointelegraph data.<\/p>\n<p>Sentiment towards crypto also appears healthy, with the Crypto Fear and Greed index climbing nine points to 62 out of 100, moving the scale from \u201cneutral\u201d into \u201cgreed\u201d territory.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/01588021-6cdc-4b6b-93ae-09d3e4e622c8.png\"><figcaption style=\"text-align: center;\"><em>A one-year chart of the Fear and Greed Index shows its last highest ranking was a score of 60 on Mar. 28, 2022. Source: <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/alternative.me\/crypto\/fear-and-greed-index\/\"><em>Alternative<\/em><\/a><\/figcaption><\/figure>\n<p>The index hasn\u2019t been above a score of 60 since mid-November 2021, before the price crash that kicked off the 2022 crypto winter.<\/p>\n<p>Bitcoin will still need to gain roughly another 22% by Mar. 31 to reach Novogratz&#8217;s predicted price.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/galaxy-digital-ceo-wouldn-t-be-surprised-if-bitcoin-hit-30k-this-quarter\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Galaxy Digital CEO \u2018wouldn\u2019t be surprised\u2019 if Bitcoin hit $30K this quarter &#8220; Galaxy Digital Holdings CEO, Mike Novogratz, believes there&#8217;s a chance Bitcoin (BTC) could return to $30,000 or above before the end of March. According to a Feb. 15 Bloomberg report Novogratz spoke at a Bank of America conference the same day&#8230;<\/p>\n","protected":false},"author":1,"featured_media":552499,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/4ee1e9c3-862e-416e-8147-afeaf3efcca5.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,81951,74937,82376,76962,68637],"class_list":["post-552498","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-analysis","tag-bitcoin-price","tag-michael-novogratz","tag-mike-novogratz","tag-predictions"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/552498","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=552498"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/552498\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/552499"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=552498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=552498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=552498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}