{"id":64212,"date":"2022-07-11T10:35:51","date_gmt":"2022-07-11T07:35:51","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=64212"},"modified":"2025-09-06T13:09:33","modified_gmt":"2025-09-06T10:09:33","slug":"mike-novogratz-doubts-bitcoin-will-crash-to-13000","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/mike-novogratz-doubts-bitcoin-will-crash-to-13000\/","title":{"rendered":"Mike Novogratz Doubts Bitcoin Will Crash to $13,000"},"content":{"rendered":"<p>Galaxy Digital chief Mike Novogratz said in an interview with CNBC that he does not believe bitcoin can fall to $13,000.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">\u00abCan we go lower? Of course we could. It feels that we\u2019re 90% through that deleveraging,\u00bb says <a href=\"https:\/\/twitter.com\/novogratz?ref_src=twsrc%5Etfw\">@novogratz<\/a> on <a href=\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&#038;ref_src=twsrc%5Etfw\">#crypto<\/a>. \u00abThe problem is for you to go much higher, you need the narrative to go much higher and you need new capital to come in.\u00bb <a href=\"https:\/\/t.co\/aoWFcorWhX\">pic.twitter.com\/aoWFcorWhX<\/a><\/p>\n<p>\u2014 Squawk Box (@SquawkCNBC) <a href=\"https:\/\/twitter.com\/SquawkCNBC\/status\/1545029240894136324?ref_src=twsrc%5Etfw\">July 7, 2022<\/a><\/p>\n<\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cCan we fall lower? Of course. It feels like we\u2019re 90% through that deleveraging. \u2026 The problem is that for further growth you need more faith and new capital,\u201d he noted.<\/p>\n<\/blockquote>\n<p>According to Novogratz, centralized crypto firms had too many leveraged positions on the market. This led to the bankruptcy of some of them.<\/p>\n<p>He also forecast a sideways trend in the digital asset industry until <span data-descr=\"U.S. Federal Reserve\" class=\"old_tooltip\">Fed<\/span> stops raising <a href=\"https:\/\/u1f987.com\/en\/news\/how-the-feds-policy-rate-affects-cryptocurrency-prices\">base rate<\/a>.<\/p>\n<p>In the same month, American rapper Snoop Dogg said that <a href=\"https:\/\/u1f987.com\/en\/news\/snoop-dogg-the-crisis-will-benefit-the-crypto-industry\">the current crisis will benefit the market for digital assets<\/a> and weed out those who &#8220;abused the opportunities&#8221;.<\/p>\n<p>Rockefeller International head Ruchir Sharma said that Bitcoin <a href=\"https:\/\/u1f987.com\/en\/news\/expert-urges-waiting-for-a-deleveraging-wave-before-bitcoin-recovery\">needs to shed excess leverage<\/a> to regain resilience.<\/p>\n<p>Follow ForkLog\u2019s bitcoin news on our <a href=\"\/\/telegram.me\/forklog\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Galaxy Digital chief Mike Novogratz said he does not believe bitcoin can fall to $13,000.<\/p>\n","protected":false},"author":1,"featured_media":64213,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1303,1138],"class_list":["post-64212","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-mike-novogratz","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/64212","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=64212"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/64212\/revisions"}],"predecessor-version":[{"id":64214,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/64212\/revisions\/64214"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/64213"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=64212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=64212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=64212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}