Billionaire investor Mike Novogratz talked about cryptocurrencies and Bitcoin (BTC).
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Novogratz, who was a guest of CNBC’s Squawk Box program, made statements about the latest price movements of Bitcoin (BTC).
Bitcoin’s Price Movements
Novogratz, feeling the bad effects of the FUD due to the pressure in China, thinks that Bitcoin may go into consolidation mode after a short time.
Novogratz believes regulatory clarity will be good for the cryptocurrency space. However, for the regulations to take place, the US Congress must give weight to the bet. The SEC has no such mandate.