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Aug. 2, 2019

Popular bitcoin supporter and CEO of crypto investment firm Galaxy Digital, Michael Novogratz, in a recent interview with Squawk Box expressed his doubts regarding the possible drop of bitcoin's (EXANTE: BTC.EXANTE) price down below $6,000.

"Will bitcoin ever go back to $5,000? I don’t think so. I think if it goes below $8,500 I'll get nervous. If it goes below $6,000 I'll get real nervous," said Novogratz.

Previously in an interview with CNBC, Galaxy Digital CEO expressed his opinion that bitcoin (BTC) will unlikely be used as payment currency. Viceversa, according to the bitcoin bull, bitcoin will be some sort of a store of value in the digital ecosystem just like gold in traditional economics.

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