Financial companies say Bitcoin costs less than $ 40,000.

US billionaire and bitcoin giant Mike Novogratz said on Tuesday that he expects the cryptocurrency to increase support to around $ 42,000 after Bitcoin fell around 30% over the past month, but it looks like he should lose more. .

As Novogratz said of Bitcoin, "$ 42,000 is an important level and below $ 40,000 more should be able to hold up." Novogratz, CEO of Galaxy Digital Holdings, interviews Bloomberg TV. At the end of the year, people start selling all kinds of assets, claiming that Bitcoin has 'market volume', but they don't care about Bitcoin's 'medium-term' value.

Bitcoin is currently trading around $ 47,000, down nearly 30% from its high of $ 69,000 a month ago due to slowing government and bank interest rates. . Nova Graz said: "There is too much money in this space, and it is amazing that the price of cryptocurrencies is below this level."