{"id":68518,"date":"2022-10-13T12:00:04","date_gmt":"2022-10-13T09:00:04","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=68518"},"modified":"2025-09-07T14:30:48","modified_gmt":"2025-09-07T11:30:48","slug":"mike-novogratz-forecasts-bear-market-duration-in-crypto-markets","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/mike-novogratz-forecasts-bear-market-duration-in-crypto-markets\/","title":{"rendered":"Mike Novogratz forecasts bear-market duration in crypto markets"},"content":{"rendered":"<p>The current bear phase of the cryptocurrency market could last up to six more months. This opinion was expressed by Galaxy Digital <a href=\"https:\/\/u1f987.com\/en\/news\/who-is-mike-novogratz\">Mike Novogratz<\/a> in an interview with Yahoo Finance.<\/p>\n<figure class=\\\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\\\">\n<div class=\\\"wp-block-embed__wrapper\\\">\n<iframe loading=\\\"lazy\\\" title=\\\"Crypto winter \u2018could last longer than people think\u2019: Mike Novogratz\\\" width=\\\"500\\\" height=\\\"281\\\" src=\\\"https:\/\/www.youtube.com\/embed\/U-mPiEz2ADY?feature=oembed\\\" frameborder=\\\"0\\\" allow=\\\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\\\" referrerpolicy=\\\"strict-origin-when-cross-origin\\\" allowfullscreen><\/iframe>\n<\/div>\n<\/figure>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\u201cYou know, the bear case means we have two to six months of pain left. In a bull market, the market begins to break down. And we will see many breakdowns. Not necessarily in cryptocurrencies, but in the rest of the world,\u201d he said.<\/p>\n<\/blockquote>\n<p>According to him, the selling impulse in the digital-asset market has largely run its course.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\u201cCryptocurrencies are interesting in that, three months ago, after a serious sell-off and <a href=\"https:\/\/u1f987.com\/en\/news\/citigroup-says-the-crypto-market-has-moved-beyond-an-acute-deleveraging-phase\">a deleveraging wave<\/a>, most people who needed to sell have done so,\u201d the billionaire says.<\/p>\n<\/blockquote>\n<p>This exerted downward pressure on prices and reduced activity in the crypto market, including from buyers, Novogratz noted.<\/p>\n<p>He linked the sell-off in Bitcoin and other cryptocurrencies to the Fed&#8217;s aggressive rate hikes. At the same time, policy affected digital gold more strongly than many other assets, according to Novogratz.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\u201cI think when a pause in rate hikes comes, we will see Bitcoin rise. As with other cryptocurrencies. Will we reach a pause? At some point, yes,\u201d he said.<\/p>\n<\/blockquote>\n<p>Earlier, Novogratz already<a href=\"https:\/\/u1f987.com\/en\/news\/mike-novogratz-bitcoin-set-to-rise-as-fed-policy-eases\">forecasted the rise of the first cryptocurrency<\/a>, as soon as the Fed stops raising rates to combat inflation.<\/p>\n<p>Analysts at Grayscale Investments anticipated the end of Bitcoin&#8217;s bear phase by the end of March 2023.<\/p>\n<p>Follow ForkLog&#8217;s Bitcoin news on our <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The current bear phase of the cryptocurrency market could last up to six more months. This opinion was expressed by Galaxy Digital {{AOPEN_1}}Mike Novogratz{{ACLOSE_1}} in an interview with Yahoo Finance.<\/p>\n","protected":false},"author":1,"featured_media":68519,"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":[1146,1303,1138],"class_list":["post-68518","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-market-forecasts","tag-mike-novogratz","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"31","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/68518","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=68518"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/68518\/revisions"}],"predecessor-version":[{"id":68520,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/68518\/revisions\/68520"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/68519"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=68518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=68518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=68518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}