Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

Novogratz Delays Crypto Hedge Fund Launch, Warns Of Drop To $8,000 But “Bull Market” Isn’t Over

Courtesy of ZeroHedge. View original post here.

Last week, Mike Novogratz surprised more than a few market participants by telling CNBC's Fast Money that he was bringing forward the launch date of his crypto hedge fund; today he killed those plans.

On December 12th, Novogratz said he thinks bitcoin could hit $40,000 in 2-3 months. The Galaxy Fund was supposed to launch of December 15th.

Today, Novogratz has shelved plans to launch his fund, warning that:

"We didn’t like market conditions and we wanted to re-evaluate what we’re doing…I look pretty smart pressing the pause button right now."

image courtesy of CoinTelegraph

Novogratz tweeted…

Looks to me like a short term top is in. My hunch is we consolidate between 10-16k for a while. Extreme would be 8k. Bull market isn’t over. Just pausing.

— Michael Novogratz (@novogratz) December 22, 2017

Adding that…

When insiders sell it always is important. @SatoshiLite

— Michael Novogratz (@novogratz) December 22, 2017

Warning traders that Bitcoin may drop as low as $8,000 in the near-term… but the bull market isn't over.

Bitcoin prices are higher since his announcement…


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!