CNBC Television published this video item, entitled “Galaxy Digital’s Michael Novogratz: Bitcoin may plunge but it’s difficult to call a bottom” – below is their description.
“We had China really be much more forceful in their idea to ban cryptocurrency. That’s created a retail deleveraging,” Crypto investor Mike Novogratz told CNBC’s “Squawk Box” Tuesday. “A lot of crypto happens in Asia, a lot of it is Chinese focused so we’re seeing big liquidations, so it’s hard to call a bottom.”
CNBC Television YouTube Channel
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About This Source - CNBC Television
CNBC is an American pay television business news channel, which primarily carries business day coverage of U.S. and international financial markets. Following the end of the business day and on non-trading days, CNBC primarily carries financial and business-themed documentaries and reality shows.
As of February 2015, CNBC is available to approximately 93,623,000 pay television households (80.4% of households with television) in the United States.
In This Story: Cryptocurrency
A cryptocurrency, crypto-currency, or crypto is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of a computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership.
Bitcoin is the first decentralized cryptocurrency. Since the release of bitcoin, other cryptocurrencies have been created.
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