Popular bitcoin supporter, ex-hedge fund manager and CEO of crypto investment firm Galaxy Digital, Michael Novogratz, in a recent post on Twitter expressed beliefs that bitcoin could continue its steady growth thanks to the global financial instability.
With the yuan over 7.0, an FX war, instability in HKG and the beginnings of capital flight, $Btc rally could have real legs.
— Michael Novogratz (@novogratz) August 5, 2019
At press time, bitcoin (EXANTE: Bitcoin) alongside other top-five cryptocurrencies see a solid surge and is trading at $11,779 (+8,13%).
CoinMarketCap
Previously Novogratz expressed his doubts regarding the possible drop of bitcoin's price down below $6,000.
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