Bitcoin Investors Get ‘Too Excited’ Regarding Price Drops, Says Novogratz
BeInCrypto –
The billionaire crypto giant commented on the rollercoaster of hype from investors over bitcoin prices, along with other industry trends.
In an interview with Bloomberg, crypto bull Mike Novogratz gave his take on the hype around bitcoin prices. He said investors get, “too excited,” like with the latest bitcoin plunge. Yesterday the crypto market crashed when bitcoin hit a low around $42,800.
In his view, investors over-picked the market. An eight-week run encouraged investors from all niches of the crypto industry, though ultimately led to the drop. Despite remarking on hype-happy investors, Novogratz stands firm behind bitcoin as a long term store of value.
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Text source: MCC.EXCHANGE
