Mike Novogratz: The cryptocurrency market has passed the minimum and reached “point …

Mike Novogratz: The cryptocurrency market has passed the minimum and reached the “acceleration point”

Founder and CEO crypto investment firm Galaxy Digital Capital Management Mike Novogratz on Twitter stated, what the cryptocurrency market has achieved his local minimum.

He also drew attention to the fact that the Bloomberg Galaxy Crypto Index (BGCI), designed for tracking the behavior of the largest cryptocurrencies in relation to dollar USA, “Reached last year’s points acceleration that led to a massive rally / bubble “.

Speaking at the Beyond Blocks Conference in South Korea in July, Novogratz stated that many financial institutions will enter into the cryptocurrency space “in the next 2-3 of the year“. When this is he noted that the mass distribution cryptocurrencies and blockchain will not happen before, than after 5 years, in quality the main constraint by calling the “rising cost of tech talent”.

Mike Novogratz: The cryptocurrency market has passed the minimum and reached “point ...

IN Tom the same month Galaxy Digital presented report for the first quarter of 2018, which showed that the company’s loss for this period made up $ 134 million, from which $ 85.5 million Are unrealized losses from investments in digital assets. By As of March 31, Galaxy Digital had $ 281.7 million in assets, of which $ 225.8 was in digital assets and investments.

Topics time, the cryptocurrency market continues to recover after the recent wave of sales, rising per last day on $ 11 billion. Everything cryptocurrencies of the top twenty remain in the green zone, and Ethereum, in the previous segment, the victim is more than the rest, in the last day he gained 16% and traded about level $ 220. Course bitcoin is again above $ 6,500, dominance index is 55.5%.