believes the long-term outlook for crypto is off-the-charts. Draper says that hes been a crackpot for entrepreneurs and that he believed and supported startups that no one actually thought would take off. He also said that the same holds good for cryptocurrencies. 2018 has indeed been a bearish year for Galaxy Digital, with the companys shares dropping 37 percent since they were first listed on Canadas TSX Venture Exchange at the start of August. During the interview, Tim Draper was bombarded with a lot of questions regarding his views on Bitcoin and his take on the future of Bitcoin. Despite his long-term confidence, Novogratz acknowledges the effect that the crypto-market downturn has had on Galaxy Digitals staff.
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Tom Lee for instance maintaining a possible 25,000 Bitcoin price by the new year. He said: Weve litecoin algorithm finally got a currency cryptocurrency that finally pervades all countries that is global, decentralized, open, completely transparent, and keeps a perfect record. Twitter, facebook, related Topics: news, tim Draper, up Next, bitcoins 10th anniversary commemorated by Hublot with 25000 watch payable in BTC. Novogratz said an impetus for the upcoming rally is that major institutional players like Goldman Sachs and ICE (Intercontinental Exchange Inc.) the owner of the New York Stock Exchange have begun building financial frameworks to facilitate the adoption of crypto. While the crypto ecosystem prides itself on being decentralized and according to some unregulated, Novogratz has repeatedly said the market will actually benefit from some formal regulation. Theres going to be a case of institutional fomo fear of missing out, just like there was in retail, Novogratz predicted.
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