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Bitcoin and crypto billionaire Mike Novogratz said he doesn’t think Bitcoin will fall any further.\u00a0<\/p>\n
Mr Novogratz, who is the chief executive of crypto investment management company Galaxy Digital told CNBC:\u00a0“On the charts, $38,000, $40,000 feels like where we should bottom”.<\/p>\n
He added: “I know big institutions who are going through their process to put positions on and so I think they’re gonna see those as attractive levels to buy.”<\/p>\n
However, Novogratz also warned that if the US Federal Reserve failed to get a handle on inflation, the situation could spiral out of control.\u00a0<\/p>\n
He said: “If inflation doesn’t come down like the Fed thinks, all bets are off.”<\/p>\n<\/div>\n
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