Mike Novogratz: Asians Sell Bitcoin, Americans Buy
Billionaire investor Mike Novogratz talked about cryptocurrencies and Bitcoin (BTC).
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Novogratz, who was a guest on 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 soon.
Novogratz believes regulatory clarity will be good for the cryptocurrency space. However, in order for the regulations to take place, the US Congress must focus on the issue. The SEC has no such authority.