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06/21 03:45

Is Bitcoin Dead? Galaxy CEO Says Surprise Fed Fact

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Is Bitcoin Dead? Galaxy CEO Says Surprise Fed Factor Could Prove Critics WrongBitcoin has failed to pick up any steam in recent months, and there has been fresh talk that the BTC price has found itself in a prolonged standoff. However, Galaxy Digital CEO Mike Novogratz feels a change in U.S. monetary policy is poised to alter Bitcoin’s story and debunk the skeptics. Ad Galaxy CEO On Bitcoin’s Future On the All Things Markets podcast with Anthony Scaramucci, Novogratz discussed the possibility that the bearish Bitcoin price action, low retail interest, and falling search volume may indicate the end of its growth story.Scaramucci highlighted a number of bearish factors. These include Bitcoin’s Relative Strength Index (RSI) reading at record lows, declining Google search volume, and long-term holders owning a record 79% of the circulating supply. He questioned Novogratz if these trends were a sign of the bottom or proof that Bitcoin has turned into a “dead asset.”
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