RAKESH UPADHYAY, one of the test analysts published a price prediction on the CoinTelegraph portal saying that Bitcoin’s recent correction is healthy, but several altcoins have lost momentum and could remain range-bound for a few days.
He also said:
Galaxy Digital founder and CEO Mike Novogratz recently said that Bitcoin is attracting institutional investors because it is viewed as a hedge against the debasement of fiat currency. Novogratz suggests investors keep about 2 to 3% of their net worth in Bitcoin with a long-term objective as he believes BTC will be worth a lot more in five years.
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