Galaxy Digital founder and CEO, Mike Novogratz cautioned investors because he believed that Bitcoin prices are currently correlated to risk assets, at least in the short run. He sees the digital asset’s prices falling instead of increasing if S&P stocks go down.
In a recent interview at CNBC’s Squawk Box, the billionaire executive predicted:
If the S&P was down 20 percent in the next three days, Bitcoin would be lower, not higher.
Even though the CEO thinks Bitcoin is going to stay…
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