On Thursday's broadcast of CNBC's "Squawk Box," Galaxy Digital CEO Mike Novogratz warned that #Bitcoin could go down together with stocks because there is too much correlation with risk assets:
If the S&P was down 20 #percent in the next three days, Bitcoin would be lower, not higher.
He predicts that high-flying stocks like #Tesla (TSLA) are eventually going to "reverse hard": You've got to watch for cracks.
One day, we will wake up, and markets will be reversing, and then they will reserve hard. Money printers have no rest!
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