Michael Novogratz: Bakkt can get Bitcoin back to $8k – $10k range

Bitcoin's volatility got the best out of the king coin as it dropped below the $7500 mark. Discussing the coin’s future trends, billionaire Michael Novogratz featured in a CNBC interview and shared his expectations from the Bitcoin market.

While hoping that Bitcoin maintains its present resistance, Novogratz speculated that “$6500 would be the next downside.” He also claimed that in order to get back to the $8000 – $10,000 range, the ecosystem will need “new energy to make the big move.”

Hinting at some of the positive developments for the Bitcoin ecosystem, Novogratz highlighted,

“Bakkt just got set up. They have a Custody solution that is coming online, which will allow more people to feel comfortable with it (Bitcoin).” Read More...

Mike Novogratz believes Bakkt will boost Bitcoin

#BTC #Bakkt

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