.novogratz says that the process of deleveraging is not over in crypto
on CNBC, Mike Novogratz, chief executive officer at Galaxy Digital, predicted that cryptocurrency prices could still lower."We gonna go sideways…Can we go lower? Of course, we could," the crypto mogul said.
He claims that the industry is in the middle of a massive correction due to the fact that there is "lots and lots" of excessive leverage. Centralized cryptocurrency companies, such as Celsius, BlockFi and Three Arrows Capital, had an enormous amount of leverage, Novogratz adds. Yet the process of deleveraging is not fully complete just yet, Novogratz says."It feels that we're 90% through that deleveraging," he added.Of course, the problem is that crypto lacks a bullish narrative that could push prices higher by attracting new capital. Now that the"inflation" hedge narrative is out of the window, Bitcoin has to come up with another compelling story to lure in new buyers.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Mike McGlone Thinks Next Six Months Will Turn Out Better for Crypto Market.mikemcglone11 gives quite optimistic forecast on crypto market for the 2H of 2022 btc $btc crypto shib
続きを読む »
5 things to know about new Sharks GM Mike GrierGrier was teammates with a current Shark during his three years as a San Jose player.
続きを読む »
San Jose Sharks hire Mike Grier, 1st Black GM in NHL historyThe San Jose Sharks have hired Mike Grier to lead the team's front office, making history as the first Black general manager in the history of the National Hockey League.
続きを読む »
My Life & Cars – Mike and Andrew Jordan, Directors, Jordan Racing Team | EvoThe only father-and-son team in BTCC history, Mike and Andrew Jordan now build, test and race historics. We explore their Life & Cars -
続きを読む »