1121: MIKE NOVOGRATZ PULLS $500K BITCOIN PREDICTION IN 5 YEARS, BLAMING THE FEDS RATE HIKES!!

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Bitcoin News Alerts

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3.6 • 626 Ratings

🗓️ 2 December 2022

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

Bitcoin now faces a tougher path to eventually reaching $500,000, according to Mike Novogratz - with the Galaxy Digital chief executive backing down from his previous BTC price prediction that the king crypto would hit that level within five years. Novogratz said in a recent interview that the Federal Reserve's monetary-tightening campaign led by chairman Jerome Powell has been the key factor that caused the Bitcoin price to plunge 63% to just under $17,000 this year. "No, not in five years," he told Bloomberg TV when asked about a previous prediction he'd made that Bitcoin would hit $500,000 by 2027. Learn more about your ad choices. Visit megaphone.fm/adchoices

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0:56.5	In today's show, Bitcoin Miner Outflow ratio hits a six-month high and a new threat to the Bitcoin price.
0:57.2	That's right.
1:03.0	Bitcoin miners are upping sales, but Bitcoin price metrics hint that a relief rally could be next. Also in today's show, former FTX CEO Sam Bankman-Fried denies improper use of customer funds in his latest interview.
1:11.3	That's right.
1:11.7	According to the former CEO at the time of filing for bankruptcy, FTX US was solvent.
	...

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