Mike Novogratz: Bitcoin Will Hit $30,000 in Q1 2023

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According to Galaxy Digital CEO Mike Novogratz, Bitcoin is set to hit new highs.

Recall that the crypto has surpassed $24,000 for the first time since August 2022 as capital returns to risky assets. According to Novogratz, BTC will reach $30,000 by the end of the first quarter.

He said at a conference organized by Bank of America that the mood in the camp of traders is tightening. They are ready to increase investment in cryptocurrency, however, for this, the macroeconomic environment must improve.

He believes that soft data on consumer inflation in the US warmed up investors, and we can see Bitcoin at $30,000.

He has also criticized the policy of the Federal Reserve, raising rates.