Spencer Bogart is in the latest news on our DC Forecasts cryptocurrency news site – this time because of his recent statement directed towards the growth of Bitcoin. According to Bogart, the price of Bitcoin (BTC) has nearly found its bottom.
As he spoke during CNBC “Fast Money” show, many could conclude that Bogart is confident on his stance regarding cryptocurrencies. As he asserted, “we are down about 70% from our highs which is why Bitcoin is close to bottoming and so is the rest of the market.”
Bogart also stated:
“Towards the end of last year, when we were in the peak of this bull market, bad news seemed to have no effect on the markets […] Now we are seeing the other side of that, when we have a week of news with TD [Ameritrade], Ric Edelman and Yale, and it has almost no effect on price.”
The expert from the firm Blockchain Capital also predicted a similar trend such as many other bulls in the crypto market such as the founder of the crypto investment firm Galaxy Capital Management, Mike Novogratz. What Bogart and Novogratz could agree on is the current “bottom” on Bitcoin and the potential rise “in the next two to three years,” as Novogratz already noted.
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