Just because someone has a lot of money that doesn't mean all their opinions about everything is valuable. Besides when you see someone like this is talking about bitcoin at this point, it means that they have been buying a lot of it over a very long time when the price was lower than this which means you should ask why have they been silent while they were buying bitcoin?
Why does this statement make me think that Galaxy Digital CEO Mike Novogratz is ready to dump his accumulated Bitcoin?
So what I think is that this person has positive insights based on the market history and he even believes the possible surge coming which able to surpass the previous price.
Yeah, he has a positive insight that is why he had been accumulating even before he released the statement mentioned by OP. But just as pooya87 stated, they were silent when they are accumulating so I think his recent statement is to hype the market and sell when the price meets their target selling point.
That is why rich people become richer for they are still investing their money. They remain positive about Bitcoin and crypto because they'll see the opportunity inside. And those who have the capabilities to invest will risk somehow.
Indeed and don't forget they even do Hype and FUD to influence the market price in order for them to do trades, buy and sell with huge profitability.
There is no doubt that bitcoin will continue to shine in 2022, this is because more and more influencers are actively campaigning to invite the public to invest in bitcoin, and when the price drops the transaction volume skyrockets significantly so that makes me believe in the opinions and predictions of Billionaire who said the price bitcoin year 2022 will exceed target.
The bitcoin market is very unpredictable, it shames lots of TA analysts, fundamentalists, and popular influencers even an infamous one
. We can do speculation, yes but it is just a speculation, either educated or uneducated guess, we never know what is the next trend of Bitcoin until it happens. It is also very possible that Bitcoin might move sideways this year, 2022, but well yeah, let us make speculation and see what will the Bitcoin market unfold as the year goes by.