Mike Novogratz is much more optimistic about Bitcoin

During Thursday, the price of Bitcoin (BTC) rose to over $ 7,000 for the first time in three weeks. For a short time, the cryptocurrency traded around $ 7200, after which it recorded a correction at $ 6800.

This is the fourth consecutive day that Bitcoin has been growing, leading many analysts to declare that the sell-off period is over.

The stock markets also registered a slight increase, despite the fact that the public press still makes bleak forecasts regarding the COVID-19 pandemic. Analysts expect another wave of dumping on US stock markets due to the economic consequences of the virus.

Trader Josh Rager warned that current developments are meaningless, but investors need to deal with the situation:

“Bitcoin is growing, shares are rising, unemployment and cases are growing. Do not try to understand, just trade the market that is offered to you. At this point, Bitcoin is backing a previous resistance and is likely to increase to $ 7,000. ”

$ BTC pumping, stocks Pumping but unemployment and covid cases up

Try to make sense of it, just trade the given market

Right now, Bitcoin is holding support at priority resistance, and likely sees $ 7k + unless stock fumble

Closing above $ 6813 is higher close pic.twitter.com/8fumJ3Ntrf

– Josh Rager ? (@Josh_Rager) April 2, 2020

Mike Novogratz is much more optimistic about Bitcoin

For his part, Mike Novogratz is far more optimistic as the US prepares to inject about $ 4 trillion into the global financial system. The CEO of the investment company Galaxy Digital is of the opinion that these measures will “reduce” the value of the dollar.

“This is literally mass printing money,”

Novogratz told CNBC on Thursday.

“I get calls from big investors I have never talked to, who ask me: Tell me about this bitcoin.”

Novogratz said it expects the price of Bitcoin to double in the next six months, especially given that the halving will take place in about six weeks.