Galaxy Digital CEO Michael Novogratz says Bitcoin is inching toward the $100K milestone, with a current ATH of $99,420. 🚀
While the rally feels "inevitable," he predicts a correction is looming due to heavy leverage in the system.
📉 "The crypto community is levered to the gills," Novogratz cautioned, though he doesn’t expect Bitcoin to drop below $80K.
Meanwhile, stocks like MicroStrategy—up 650% this year—might face sharper pullbacks as they act like leveraged Bitcoin plays. Novogratz suggests: "Stick to buying straight Bitcoin."
Meanwhile, MicroStrategy's shares have already dropped by 30% from their peak yesterday. 👀
