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RE: "Bitcoin Bull Is Not Over" - Novogratz Raises $250 Million For Crypto Merchant Bank

in #bank6 years ago

First thanks for sharing @zer0hedge.
And Novogratz like Goldman Sachs they always talk both sides of their mouths. While Novogratz was pumping Bitcoin to $20,000 by February, even a $40,000 potential, he was selling his Bitcoin positions and liquidated by December around the time futures started. Now he is selling his new Crypto bank venture with Goldman Sachs pumping Bitcoin but he is now contradicting its Goldman Sachs partners who have just stated that Cryptos will go down to ZERO.

Bitcoin needs to do double bottom testing at $3,500 (+/-) before any rally can be real and sustained.

The stock market and bonds bubble and the precious metals manipulation do not look appealing and are in dangerous territory but now the retail investors are finding out that even the blockchain and it crypto-currencies are not safe to invest any longer since the institutional predator hedge funds, rich in fiat currencies, have found the way to control cryptos with futures and deep pockets. Cash is king for now and hodl if you are already invested in cryptos.

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