Mike Novogratz, founder and CEO of Galaxy Digital Holdings Ltd., said at the Morgan Stanley conference: Ethereum ETH 0.21% should stay around $1,000, and it is $1,200 now.
Bitcoin BTC 0.48% is roughly in the $20,000 to $23,000 range, and I think the crypto market is closer to a bottom than the US stock market, and stocks will fall another 15% to 20%.
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Mike Novogratz added: “I don’t think it’s time to really deploy capital at scale yet. I need to see the Fed back down and the economy is so bad that the Fed has to stop raising rates or even consider cutting rates.
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