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Billionaire investor warns ‘ugly inflation’ will hurt Bitcoin
Billionaire investor and Galaxy Digital Inc. (Nasdaq: GLXY) founder and CEO Michael Novogratz warned that it is going to be difficult for Bitcoin (BTC) to retake the $100,000 price level amidst the current macroeconomic conditions. A veteran investor, Novogratz said he first bought Bitcoin in 2013 when it had begun to hit the $1,000 level. It hit an all-time high (ATH) of $126,080 on Oct. 6 last year. But the bloodbath in the following months hasn't let it recover from the crash as it currently trades below $76,000. As per Novogratz, it will be difficult for Bitcoin and the broader crypto market to recover to ... (full story)
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