Galaxy Digital CEO Mike Novogratz on drop in the price of bitcoin

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“We’re consolidating in here between [$30,000 and $35,000]. What we’re seeing is Asia sells it off, and then the U.S. buys it back,” Galaxy Digital CEO Mike Novogratz said on CNBC’s “Squawk Box.” “China has declared war on crypto as part of this broader cold war that we’re getting into, and so I think we’re still digesting that," the longtime crypto investor added.
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