Well now, gather ’round, folks, for I’ve got a tale to spin about a certain digital coin that goes by the name of Bitcoin. It seems our friend Mike Novogratz, the big cheese over at Galaxy Digital, has taken to the grand stage of X to proclaim that Bitcoin is feeling rather spry and ready to leap into the air like a cat on a hot tin roof. 🐱👤
Just the other day, Bitcoin decided to shake off a midweek slump, rising over 5% in the blink of an eye, landing itself at a cozy $83,800, according to the wise sages at CoinGecko. This little bounce mirrors the broader U.S. stock market, which has been as stable as a one-legged man in a butt-kicking contest. Just a few days prior, Bitcoin was sulking around a multi-month low of $74,500, looking as sad as a dog left out in the rain. ☔
Now, despite its close relationship with the stock market—like a couple of old pals who can’t seem to shake each other—Bitcoin has shown it can stand on its own two feet, especially when the going gets tough. Analysts, those fine folks who like to peer into crystal balls, such as John Bollinger, are whispering sweet nothings about Bitcoin possibly forming a bottom. Could it be? A bullish reversal on the horizon? Only time will tell, but I wouldn’t hold my breath! 😅
Year-to-date, our dear BTC is still down about 10%, weighed down by the heavy burdens of global economic pressures, including tariffs that are rising faster than a hot air balloon. But fear not, for Novogratz remains as confident as a rooster in a henhouse, insisting that Bitcoin is indeed “digital gold.” 🥇
In a curious twist, he even found himself nodding in agreement with none other than Bitcoin’s biggest naysayer, Peter Schiff, particularly on matters of trade imbalances. But Novogratz, with a twinkle in his eye, challenged Schiff to finally recognize that Bitcoin has grown up into a legitimate macro asset—something that, he claims, few ever thought it would achieve. Well, bless his heart! 🌟
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2025-04-12 14:46