Sunday , April 11 2021

Crisis currencies market grenades have lost $ 136 million, which does not take into account the recent Bitcoin collapse



Picture 1

From the recently released financial statement, the loss of launch of Galaxy Digital Holding, which was founded last year by Mike Novograc *, amounted to $ 41 million in the third quarter, and in the period from January to September – $ 136 million, due to lower prices of such cryptosks as Rippl. Bitcoin and laytkoinOf course, these figures do not include the highly probable losses suffered at the beginning of this quarter, when Bitcoin's price for a few weeks fell from $ 6,500 to $ 3,700. Galaxy Digital ** stocks dropped by 55% in November, downgrading to historic falls.

By:

Bitcoin mining is a business of loss after a cripple market crash

The market of cryptography has gone into bars and that's just the beginning

The reasons for the "bloodshed" of the cryptomotive market

But, Mr Novograts, known for his Bicultural Crusade forecasts, is not discouraged. In an interview with the Financial Times, the investor said it was difficult to cost the job on bear markets, but cryptography next year should continue to grow.


"2017 was a great year, and the rise of cryptography was so impressive that it was even funny," Mr. Novograz said. "It's been a lot more difficult this year, but our project is not for wimps. In most of the traditional businesses like Goldman Sachs, you do not have to worry as much as we do, but in any case, next year, prices should continue to grow."


And Mr. Novograz is not alone in such expectations. In a recent interview with Coin Telegraph, Global Advisors boss Tom Lee, still admitted that Bitcoin's bid for the next 10 years will be over $ 1 million.


"The market has come to a correction, falls even below 200 days of MA", the expert commented on the current situation. "But if you have time, you will wait for a new phase of growth." It will not start in the next three months or next year. This will happen in 2-3 years, and that is the time when we need to buy cryptoscripts. Bitcoin's return over 200 days MA will signal that fresh money will come to the market. "


Figure 2

* ProFinance.ru: Has held high positions at Goldman Sachs and Fortress Investment Group, and in the period 2007-2008 was among the billionaires of Forbes magazine. It is known, in particular, by the fact that in the fall of 2014 he recommended "buy some bitcoins and look at this position several years later". In addition, in the fall of 2016 he invested about $ 500,000 in the air, and in the summer of 2017 he earned about $ 250 million.

** The parent company, a "digital bank", was dealing with trading and asset management in the market of cryptosensitivity.


Source link