Posted by on December 22, 2017 4:21 pm
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Categories: 8K resolution Alternative currencies Bitcoin Business Cryptocurrencies Economy Finance Galaxy Fund Hedge fund Market Conditions Michael Novogratz money

Last week, Mike Novogratz surprised more than a few market participants by telling CNBC’s Fast Money that he was bringing forward the launch date of his crypto hedge fund; today he killed those plans.

On December 12th, Novogratz said he thinks bitcoin could hit $40,000 in 2-3 months. The Galaxy Fund was supposed to launch of December 15th.

The man who called the bitcoin rally sees this for litecoin from CNBC.

Today, Novogratz has shelved plans to laucnh his fund, warning that “we didn’t like market conditions.”

 

Novogratz tweeted…

Adding that…

Warning traders that Bitcoin may drop as low as $8,000 in the near-term.

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