Mike Novogratz, CEO of crypto hedge fund Galaxy Digital and asset manager of Goldman Sachs, in his latest tweet, Bitcoin (BTC) and Ethereum (ETH) are now consolidated after news of another Chinese cryptocurrency ban. He said he believed it would happen.
Bitcoin and altcoin comment from Mike Novogratz
Mike Novogratz shared his comments on Bitcoin and 3 altcoins in his tweet last night. According to Novogratz, “Terra (LUNA) is doing incredible business. Columbus update is coming. Reminds me of Solana before her ascension. Bitcoin and Ethereum will consolidate. These are just my thoughts,” he said. Also “Remember that you don’t have to catch everything. Focus on what works,” he added.
As we reported , on Friday, the People’s Bank of China (PBOC) revealed documents declaring all crypto transactions in the country illegal. Crypto ownership is allowed, though. Later, some crypto influencers revealed that the documents had been circulating within the PBOC and the Chinese government for about two weeks, but were only made public on September 24.
Meanwhile, prominent investor and financier Robert Kiyosaki, author of “Rich Dad, Poor Dad” believes China is taking this step, paving the way for launching its own CBDC (aka DCEP) soon.