Benzinga - by Benzinga Neuro, Benzinga Staff Writer.
Mike Novogratz, an influential figure in the cryptocurrency world and CEO of Galaxy Investment Partners, recently expressed skepticism about Bitcoin’s (CRYPTO: BTC) ability to sustain its recent surge in value. He anticipates a period of volatility ahead.
What Happened: On Tuesday, Novogratz, a staunch Bitcoin advocate, posted about the cryptocurrency’s recent monumental rise on X, formerly Twitter. He doubted the Bitcoin rally could maintain its momentum after rallying 350% to a three-year high.
Well that was fun