Blockchain Capital’s Spencer Bogart: Bitcoin is Bottoming

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We’ve heard a good number of calls for Bitcoin bottoming out. For example, Galaxy Digital CEO, Michael Novogratz said prices have bottomed in September 2018.  In fact, he noted the Bloomberg Galaxy Crypto index, which measures the performance of the largest digital currencies traded in dollars, “retouched the highs of late last year and the … Continue reading “Blockchain Capital’s Spencer Bogart: Bitcoin is Bottoming”

Billionaire Calls Bottom in Cryptocurrencies

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Galaxy Digital CEO and billionaire, Michael Novogratz says cryptocurrency prices have bottomed. That’s music to the ears of traders that watched as Bitcoin and Ethereum crashed to earth. “I think we put in a low yesterday,” Novogratz said, as quoted by CNBC He also noted the Bloomberg Galaxy Crypto index, which measures the performance of … Continue reading “Billionaire Calls Bottom in Cryptocurrencies”

Wall Street’s Largest Crypto Company Just Suffered a $134 Million Hit on BTC Decline

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Yesterday, Wall Street’s largest cryptocurrency company revealed a $134 million financial hit on the Bitcoin decline in 2018. Merchant bank, Galaxy Digital, is a crypto-focused merchant processing company. It boasts the distinction of largest crypto company in the financial center of New York City. This week the New York-headquartered Galaxy disclosed its first time financials. … Continue reading “Wall Street’s Largest Crypto Company Just Suffered a $134 Million Hit on BTC Decline”