{"id":3129,"date":"2024-11-22T05:02:13","date_gmt":"2024-11-22T05:02:13","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=3129"},"modified":"2024-11-22T05:02:13","modified_gmt":"2024-11-22T05:02:13","slug":"bitcoins-path-to-100k-inevitable-but-crypto-community-is-leveraged-to-the-gills-warns-galaxys-mike-novogratz-predicts-correction-to-80k-ahead","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=3129","title":{"rendered":"Bitcoin&#8217;s Path To $100K &#8216;Inevitable&#8217; But Crypto Community Is &#8216;Leveraged To The Gills,&#8217; Warns Galaxy&#8217;s Mike Novogratz, Predicts Correction To $80K Ahead"},"content":{"rendered":"<div>\n<p><strong>Bitcoin<\/strong>\u2018s (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) surge toward $100,000 could face a significant pullback due to excessive market leverage, <strong>Galaxy Digital Holdings Ltd<\/strong>. CEO <strong>Mike Novogratz <\/strong>warned in a recent interview, even as the <a href=\"https:\/\/www.benzinga.com\/analyst-ratings\/analyst-color\/24\/11\/42127938\/bitcoin-analyst-warns-of-4-6-flash-crashes-before-year-end-as-it-inches-closer-to-100k-thats-the-moment-altcoins-shoot-off\">cryptocurrency continues setting new records<\/a>.<\/p>\n<p><strong>What Happened<\/strong>: The billionaire investor highlighted concerning levels of leverage in the crypto ecosystem. \u201cThere\u2019s a ton of leverage in the system right now,\u201d Novogratz <a href=\"https:\/\/www.youtube.com\/watch?v=QPiWKHHiXyY\">said<\/a> on CNBC. \u201cThe crypto community is levered to the gills, and so there will be a correction.\u201d<\/p>\n<p>While Novogratz maintains that Bitcoin reaching $100,000 is \u201cinevitable\u201d \u2013 with prices recently touching $99,000 \u2013 he projects a potential retreat to $80,000 during a correction phase. This would represent a 20% decline from the six-digit milestone.<\/p>\n<p>The warning comes &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/24\/11\/42130693\/bitcoins-path-to-100k-inevitable-but-leverage-to-the-gills-warns-mike-novogratz-predicts-80k-correction-ahead\" alt=\"Bitcoin's\" path to but crypto community is the gills warns galaxy mike novogratz predicts correction ahead>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin\u2018s (CRYPTO: BTC) surge toward $100,000 could face a significant pullback due to excessive market leverage, Galaxy Digital Holdings Ltd. CEO Mike Novogratz warned in a recent interview, even as the cryptocurrency continues setting new records. What Happened: The billionaire investor highlighted concerning levels of leverage in the crypto ecosystem. \u201cThere\u2019s a ton of leverage [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-3129","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3129","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3129"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3129\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3129"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}