Billionaire Mike Novogratz (Mike Novogratz) in a Financial Times interview, said it expects a reversal and growth of the cryptocurrency market in 2019. The partner and founder of Galaxy Digital added that in 2018, his company faced a number of challenges as she had to create a business on the background of a bear market, but he believes in its prospects in the long term.
Novogratz believes that financial institutions will shift from investing in cryptocurrency funds to invest in cryptocurrency in the first quarter of next year. According to him, it is easy to become a skeptic, but after for new messages cryptoprotocol the strongest players in the traditional financial business, the market is “something going on”.
However, Tim Swanson (Tim Swanson) the founder of Post Oak Labs, advising FINTECH-ventures, believes that predicting a new movement of the prices, Novogratz tries to make predictions in the sphere that has no influence. And another commentator, the founder of blockchain, the company wished to leave his name anonymous, added that one of the biggest problems of cryptocracy is the lack of reliable commercial banks and the Galaxy Digital has a good chance to be the first to take advantage of this new market.
We will remind that on January 24, assigned to run the NYSE created cryptocurrency platform Bakkt. With the advent and launch of the new Fidelity platform Digital Asset Services pin their hopes on the growth of the stock market financial analyst, co-founder of Fundstrat Global Advisors and former chief strategist at JPMorgan Chase Tom Lee (Tom Lee) and commercial Director of payment service BitPay Sonny Singh (Sonny Singh). They both believe that the rate of bitcoin will return to a level of $15-$20 thousand per unit. Today the cryptocurrency is trading at a price of $4030 per unit, Novogratz talked about the fact that the market has passed the bottom in the middle of September, when the bitcoin price was above $6400.