Two giants of the cryptocurrency world, Galaxy Digital CEO Mike Novogratz and Skybridge Capital founder Anthony Scaramucci, spoke about the possibility of Bitcoin (BTC) returning to the $80,000 level and the future of the market.
Mike Novogratz said that regarding Bitcoin’s trajectory around $80,000, the technically important level is $84,000. “We’re always knocking on the door of $80,000, but the real resistance is at the $83,000 to $84,000 level. If we can break above that level permanently, Bitcoin will have a path to $100,000,” Novogratz said.
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“What we’re seeing in Galaxy is that everyone who needed to sell has already sold. There are now far fewer sellers and a much more engaged buyer base. Cryptocurrency is getting its ‘mojo’ back,” Novogratz said, referring to the reduction in selling pressure in the market.
Another important topic highlighted in the broadcast was US legislation. Novogratz said he sees a 70% to 75% chance that the Clarity Act will pass, which would be a big catalyst for the market. He also pointed out that crypto conferences, which were previously focused on retail investors, have now taken on a fully institutional identity, with participation from all major institutions.
*This is not investment advice.
