“I sold some bitcoins, but I had to sell more”

The founder of the cryptocurrency bank of Galaxy Digital, Michael Novogratz (Michael Novogratz), said that on the rise of the Bitcoin exchange rate to $ 13,500, he sold some coins, and regret that he did not sell more.

On the night from Tuesday to Wednesday, the bitcoin rate made another breakthrough and almost reached $ 14,000, but then dropped sharply to $ 12,000. Cryptocurrency billionaire Michael Novograts said that he sold “some” bitcoins on Wednesday, but now regrets that he did not sell more.

“If you know the market perfectly, then you sold all your stock on Wednesday. When there is a parabolic growth, this is what needs to be done, ”said a cryptocurrency enthusiast.

Earlier Novograz predicted that the first cryptocurrency would trade in the corridor from $ 7,000 to $ 10,000, but he underestimated the “bullish” mood of investors. Now he believes that for some time the price will be around $ 10,000- $ 14,000.

Note that over the past 24 hours, the rate of the first cryptocurrency has fallen by 13% and is now at around $ 11,000, and the market capitalization has decreased from $ 384 billion to $ 320 billion. However, even this is noticeably more than just a week ago.

In addition, earlier Novograc expressed the opinion that the capitalization of Bitcoin “easily” could exceed the capitalization of gold within 20 years.