"Do investors think the crypto market will go up or down?"
Famous cryptocurrency supporter and investor, Mike Novogratz is confident that the price of Bitcoin (BTC) along with other digital assets will see a continuous upward movement this year.
Novogratz while a guest on Fox Business recently said that the ongoing banking crisis and the high debt the United States (US) is experiencing could push crypto to climb higher.
He added that the US Federal Reserve (Fed) which may lower interest rates this year will also help crypto to soar while imagining that BTC will rise along with the price of gold.
He also said BTC was able to survive and maintain strong growth throughout the year even though most crypto exchange companies such as Coinbase faced a lot of pressure from the aggressive actions of the US Securities and Exchange Commission (SEC).
Following that, Novogratz predicted that BTC could potentially break through the $30,000 level in the near future, where the digital asset's price has slipped 0.11% to $28,064 in the past 24 hours.
Earlier in early February, Novogratz had also stated that the price of BTC would reach $30,000 by the end of March 2023, but his expectations were simply missed in the follow-up until now it has not crossed that zone.
While investors are looking at the current crisis in the banking industry which has surprised many parties is one of the reasons behind BTC seeing encouraging performance lately.
