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JUST IN:Something went wrong with the Bitcoin price, says Galaxy Digital founder and CEO Mike Novogratz, as the search for the bottom grows more frantic, while another Michael the Burry kind sees a “death spiral” ahead for the BTC price.
Of course, Novogratz has skin in the game, so when he told Bloomberg TV yesterday that the bottom would form in the $70,000 to $100,000 range, it is understandable that some might want to view his reasoning with scepticism.