Best Owie on Twitter<\/i><\/b><\/a> for market insights, updates, and the occasional funny tweet\u2026<\/i><\/b><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"Bitcoin price has been a topic of debate since the digital asset first made its entry into the mainstream over a decade ago. With its continued growth, a lot of people have come forward to proffer their predictions for the price of the cryptocurrency both in the long and the short term. One of those is billionaire Mike Novogratz. However, despite being usually bullish on the price of bitcoin, Novogratz does not seem to expect much in the short term. Bitcoin Unlikely To Reach $30,000 Currently, the price of bitcoin is bouncing between the $23,000 and $24,000 level. This has seen a lot of speculation as regards what will happen when the digital asset is able to break out of this rut finally. For many, the recent recovery has led them to believe that there will definitely be a run-up back to $30,000, where the price had fallen from. However, not everyone seems to share this bullish short-term sentiment, and Novogratz is one of those. Related Reading: Polkadot Sets Sight On $9 As It Claims The 10th Spot On Crypto Top 10 The CEO of Galaxy Digital has been one of the many proponents of bitcoin, investing in the asset both on a personal and professional level. However, with bitcoin\u2019s current trend, Novogratz does not expect a recovery. Mainly, he does not expect the asset to see $30,000. BTC trending above $23,000 | Source: BTCUSD on TradingView.com Novogratz explained during an interview with Bloomberg that he fully expected the price of the digital asset to continue to trend between $20,000 to $22,000, not believing that a break above $30,000 is possible with the recent run-up. \u201cI\u2019d quite frankly be happy if we\u2019re in a $20,000 \u2013 $22,000 or $20,000 \u2013 $30,000 range for a while, with the next move breaking up,\u201d he added. Factors Dragging Down Bitcoin There are a number of things that affects the cryptocurrency market and, by extension, the price of bitcoin. Recently, the news of the United States going into a recession has been the catalyst for the recovery trend, but Novogratz believes that the performance of bitcoin continues to be greatly tied to decisions by the government. Related Reading: Market Sentiment Holds Steady As Bitcoin Aims For $24,000 The Fed had once again increased interest rates which had affected the financial markets. With the current situation, any decision from the Fed has an impact on the digital asset due to its close correlation with the macro markets at the moment. But Novogratz believes that the Fed will stop raising rates, which is expected to have a positive impact on financial markets. Despite not believing that the price of Bitcoin cannot touch $30,000 during this run-up, it has not changed the billionaire\u2019s stance on bitcoin. He has previously stated that the price of the digital asset will grow to $500,000. His company also remains committed to its bitcoin strategy, holding a total of 16,402 BTC, making it the public company with the third-largest bitcoin holding in the world. Featured image from CryptoPotato, chart from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet\u2026<\/p>\n","protected":false},"author":541,"featured_media":498185,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,678,679,1119,1122,1144,78790,13071,11277,79520,84008],"class_list":["post-498183","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-prediction","tag-bitcoin-price","tag-btc","tag-btc-price","tag-btcusd","tag-btcusdt","tag-galaxy-digital","tag-mike-novogratz","tag-xbtcusd","tag-xbtcusdt"],"acf":[],"yoast_head":"\n
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Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality. Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best\u2019s publications, which are always clear and concise, enabling easy reading and understanding for all. Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/wncen.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Billionaire Mike Novogratz Says Bitcoin At $30,000 Is Unlikely","url":"http:\/\/wncen.com\/news\/billionaire-mike-novogratz-says-bitcoin-at-30000-is-unlikely\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/billionaire-mike-novogratz-says-bitcoin-at-30000-is-unlikely\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/08\/mike_novogratz_cover.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/08\/mike_novogratz_cover.jpeg?fit=1201%2C720"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin prediction","bitcoin price","btc","btc price","btcusd","btcusdt","galaxy digital","mike novogratz","xbtcusd","xbtcusdt"],"dateCreated":"2022-08-09T23:00:31Z","datePublished":"2022-08-09T23:00:31Z","dateModified":"2024-06-11T14:22:21Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Billionaire Mike Novogratz Says Bitcoin At $30,000 Is Unlikely\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/billionaire-mike-novogratz-says-bitcoin-at-30000-is-unlikely\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/billionaire-mike-novogratz-says-bitcoin-at-30000-is-unlikely\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/mike_novogratz_cover.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/mike_novogratz_cover.jpeg?fit=1201%2C720\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin prediction\",\"bitcoin price\",\"btc\",\"btc price\",\"btcusd\",\"btcusdt\",\"galaxy digital\",\"mike novogratz\",\"xbtcusd\",\"xbtcusdt\"],\"dateCreated\":\"2022-08-09T23:00:31Z\",\"datePublished\":\"2022-08-09T23:00:31Z\",\"dateModified\":\"2024-06-11T14:22:21Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/08\/mike_novogratz_cover.jpeg?fit=1201%2C720","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/498183","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=498183"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/498183\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/498185"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=498183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=498183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=498183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}