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‘Worried’ Bitcoin Bull Michael Novogratz Warned Over Speculative Crypto ‘Frenzy’ – Forbes
Ahead of bitcoin’s wild price swings, former hedge fund billionaire-turned crypto investor, Michael Novogratz, warned crypto’s “speculative frenzy” was getting carried away…
Bitcoin and cryptocurrency investors have taken a beating this week, with $50 billion wiped from the combined value of the world’s cryptocurrencies.
The bitcoin price, which touched $12,000 per bitcoin earlier this week, dropped to just under $10,000 before rebounding to around $10,500, mirroring the ups and downs of the U.S. stock market.
Ahead of bitcoin’s wild price swings, former hedge fund billionaire-turned crypto investor, Michael Novogratz, warned crypto’s “speculative frenzy” was ge…
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