Galaxy Digital’s Mike Novogratz: Cryptocurrency Markets Will ‘Flip Next Year’

Everyone’s favorite old-money crypto-bull, Mike Novogratz, has been at it again.

After ”thinking” few week ago that the markets had bottomed - leading to a crash soon later - Mike Novogratz, founder of crypto bank Galaxy Digital, expects that the markets “will flip” next year. That mostly because he thinks that old-money funds will shift from investing in crypto-funds to actually investing in the tokens.

Most of us actually do expect another cyclical upwards trend around mid-next year, but to be entirely honest, right now I’m not that sure anymore. Usually when Novogratz says everything’s looking good... the opposite happens. Same when last year, just before the final run started, he announced his fund and some days, weeks later we had the brief dip from $6,000 to $3,600.

Let’s see what happens but the “Master” said it’s all good, man.

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