{"id":18254,"date":"2022-05-29T11:57:37","date_gmt":"2022-05-29T11:57:37","guid":{"rendered":"http:\/\/egrowonline.com\/?p=18254"},"modified":"2022-05-29T11:57:37","modified_gmt":"2022-05-29T11:57:37","slug":"heres-when-bitcoin-holders-can-expect-btc-to-spearhead-a-crypto-rally-according-billionaire-mike-novogratz","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=18254","title":{"rendered":"Here\u2019s When Bitcoin Holders Can Expect BTC To Spearhead a Crypto Rally, According Billionaire Mike Novogratz"},"content":{"rendered":"


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Galaxy Digital CEO Mike Novogratz is unveiling when he believes Bitcoin (BTC) could act as the driving force behind a widespread crypto market rally.\u00a0<\/span><\/p>\n

The billionaire and Bitcoin bull tells<\/a> his 465,100 Twitter followers the reasons why he believes the top crypto asset by market cap is being outperformed by the US stock market.\u00a0<\/span><\/p>\n

\u201cCrypto trades poorly. This is going to be a period that tests peoples convictions.\u00a0 We will find a bottom when we do. The break from traditional finance markets is because we don\u2019t have corporate buybacks and giant pension rebalancing that is causing this squeeze in equities.\u201d<\/span><\/em><\/p>\n

In the past week, the S&P 500 is up by nearly 10% from its May 23rd low, while Bitcoin<\/a> is down nearly 5% over the same time frame.\u00a0<\/span><\/p>\n

According to Novogratz, Bitcoin traders should keep a close watch on the Federal Reserve as any shift in its hawkish stance can inspire a rally in the crypto markets.<\/p>\n

\u201cBTC will lead the next rally when the Fed pauses\/flinches. Good projects will follow suit. This industry will not go away. We are just adjusting to the popping of an asset bubble caused by the Fed. Building revolutionary tech and change isn\u2019t supposed to be easy.\u201d<\/span><\/em><\/p>\n

Novogratz earlier <\/span>warned<\/span><\/a> that altcoins are at risk of dropping by another 70%, but he believes that crypto will eventually recover.\u00a0<\/span><\/p>\n

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n

Featured Image: Shutterstock\/NextMarsMedia\/Chuenmanuse<\/span><\/em><\/p>\n<\/p><\/div>\n


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Galaxy Digital CEO Mike Novogratz is unveiling when he believes Bitcoin (BTC) could act as the driving force behind a widespread crypto market rally.\u00a0 The billionaire and Bitcoin bull tells his 465,100 Twitter followers the reasons why he believes the top crypto asset by market cap is being outperformed by the US stock market.\u00a0 \u201cCrypto […]<\/p>\n","protected":false},"author":1,"featured_media":18255,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[42],"tags":[493,50,194,62,1048,164,743,3277,2641,213,8559],"class_list":["post-18254","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-billionaire","tag-bitcoin","tag-btc","tag-crypto","tag-expect","tag-heres","tag-holders","tag-mike","tag-novogratz","tag-rally","tag-spearhead"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/05\/low-bitcoin-go.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/18254","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18254"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/18254\/revisions"}],"predecessor-version":[{"id":18256,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/18254\/revisions\/18256"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/18255"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18254"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}