The Head of Galaxy Digital Predicted the Growth of the Crypto Market in the Fourth Quarter

Galaxy Digital is a digital asset management company founded in 2018 by Mike Novogratz after leaving Goldman Sachs. Galaxy Digital was listed on the Toronto Stock Exchange on July 6, 2020.

Mike Novogratz is confident that Bitcoin will reach $80–100 thousand in the coming months, the Ethereum rate will exceed $5 thousand, and the rest of the altcoins will show parabolic upward movements.

In an interview with CNBC, Galaxy Digital CEO Mike Novogratz said that in his opinion, the cryptocurrency market will actively grow until the end of this year. In the fourth quarter, the price of bitcoin is able to renew its historical maximum and reach levels of $80 and $100 thousand, Novogratz predicted. According to him, at the same time, the Ethereum rate can grow to $5 thousand.

Other altcoins can show parabolic growth following the largest cryptocurrencies, noted the head of Galaxy Digital. Novogratz said that the reason for the active growth of the digital asset market was a large influx of investments in the cryptocurrency industry.

“We left China, we got out of regulation, and the market keeps holding. The market is still holding on because new money is coming in. In the first half of the year, $ 17 billion in new venture capital was invested. It’s a huge influx of money,” Novogratz noted.

Do you want to learn more about the most promising tokens through LATOKEN Review, and always stay up to date? To do this, just follow us on Medium, LATOKEN Blog, or LATOKEN VCTV channels.


LATOKEN is an international, one of the leading crypto exchanges, and also IEO launch platforms with a focus on security and useability.

LATOKEN has 2 million accounts, including 1+ million mobile app installs with 4.5 reviews scored by 25+k users.

This crypto exchange is planning IPO as a top DeFi bet and is interested in VCs and partners with fintech IPOs and/or DeFi success cases on the belt.

LATOKEN is building a team to enter the US market, upgrade to institutional-grade exchange, launch DeFi products on LACHAIN, and bring commerce and banking to blockchain technology to automate transaction processing and save many business hours per year.

The platform offers 300+ digital assets available for traders with the option to connect using RESTful or WebSocket APIs on the LATOKEN platform.

LATOKEN crypto exchange does not provide any investment, tax, legal, or accounting advice. This article is written for informational purposes only. Like other assets, cryptocurrency is subject to market risk. Please do your own research and trade with caution.

#1 cryptocurrency exchange in liquidity for new digital assets and the leading platform for compliant multi-asset tokenization.