{"id":65595,"date":"2022-08-10T12:03:32","date_gmt":"2022-08-10T09:03:32","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=65595"},"modified":"2025-09-06T20:51:58","modified_gmt":"2025-09-06T17:51:58","slug":"mike-novogratz-forecasts-bitcoin-to-remain-in-a-20000-30000-range","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/mike-novogratz-forecasts-bitcoin-to-remain-in-a-20000-30000-range\/","title":{"rendered":"Mike Novogratz forecasts Bitcoin to remain in a $20,000\u2013$30,000 range"},"content":{"rendered":"<p>The price of the first cryptocurrency will stay in a $20,000\u2013$30,000 range, as interest in digital gold is not backed by a meaningful inflow of institutional funds. In an interview with Bloomberg, Galaxy Digital CEO Mike Novogratz said this.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cWill Bitcoin be able to break above $30,000 in the current upmove? We&#8217;ll see. I doubt it. \u2026 I would be glad if we stayed in the range of $20,000, $22,000 or $30,000 for some time. We do not see large inflows from institutional investors, but there are no large sales,\u201d<\/em> he explained.<\/p>\n<\/blockquote>\n<p><iframe loading=\"lazy\" width=\"630\" height=\"400\" src=\"https:\/\/www.youtube.com\/embed\/QMedNolEnFE\" title=\"Novogratz Happy With Bitcoin Between $20 - $30K\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen=\"\"><\/iframe><\/p>\n<p>According to the expert, Ethereum could reach $2,200 or higher ahead of <a href=\"https:\/\/forklog.news\/the-merge-chego-zhdat-ot-krupnejshego-obnovleniya-ethereum\/\">The Merge<\/a>.<\/p>\n<p>Novogratz drew attention to the tightening stance by the <span data-descr=\"U.S. Federal Reserve\" class=\"old_tooltip\">the Fed<\/span>, which manifested as &#8216;the absence of the mania characteristic of the cryptocurrency market in 2017 and 2021&#8217;.<\/p>\n<p>Earlier in July, Galaxy Digital&#8217;s CEO<a href=\"https:\/\/forklog.news\/majk-novograts-usomnilsya-v-obvale-bitkoina-do-13-000\/\">doubted<\/a> Bitcoin&#8217;s collapse to $13,000.<\/p>\n<p>Earlier, the crypto bank led by Novogratz<a href=\"https:\/\/forklog.news\/galaxy-digital-poluchila-554-7-mln-ubytka-na-fone-korrektsii-rynka-kriptovalyut\/\"> reported<\/a> a loss of $554.7 million for the second quarter. The company&#8217;s liquidity stood at $1.5 billion.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news in our <a href=\"\/\/telegram.me\/forklog\u201d\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The price of the first cryptocurrency will stay in a $20,000\u2013$30,000 range, as interest in digital gold is not backed by a meaningful inflow of institutional funds. In an interview with Bloomberg, Galaxy Digital CEO Mike Novogratz said this.<\/p>\n","protected":false},"author":1,"featured_media":65596,"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":[480,1303,1138],"class_list":["post-65595","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-mike-novogratz","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"7","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/65595","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=65595"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/65595\/revisions"}],"predecessor-version":[{"id":65597,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/65595\/revisions\/65597"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/65596"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=65595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=65595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=65595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}