According to BlockBeats, Galaxy Digital founder and CEO Michael Novogratz stated in a recent interview with Bloomberg that Bitcoin may experience some adjustments before hitting a new all-time high and a significant increase by the end of the year. Novogratz said, 'If there is a correction, it might go back to around $50,000 and then reach a new high.'
He believes that compared to the recent 2021 bull market, large institutional participants have lower leverage in the current cycle, while retail traders have excessive leverage.
