One of the most high-profile investors is Mike Novogratz.
John Lamparski is a photographer.
The price of the criptocurrency is expected to find support at $42,000 or lower, but Mike is not concerned about it diving further in the future.
The billionaire boss of the company said in an interview that "low-40s should hold" for the virtual currency.
He spoke about the recent pressure on cryptocurrencies, including a 27% plunge in the price of bitcoin in one day.
The Federal Reserve's response to the coronaviruses has caused big valuations for big tech stocks such as Apple, with the stock having an "amazing run" this year.
"But end of the year, people are starting to sell things, and everyone I talk to feels nervous right now," he said, as the Fed started its two-day policy meeting.
The central bank may signal that a faster rate of interest-rate hikes is needed to cool down the hottest consumer inflationary environment in nearly 40 years, causing stocks to drop on Tuesday.
Tech stocks led the decline after the markets retreated on Monday.
He said that the Apple chart looked like it would go down another 7%- 8%.
He said that people are selling high-value assets to prepare for taxes and that he is seeing a lot of people buying real estate.
He's not worried about the medium term prices of digital currency, as for example, the digital currency started in the $30,000 range.
There has been a lot of change in the space. He pointed out that two of the biggest pools of capital in the Middle East are starting to get into mining for the virtual currency.
Business Insider has an original article.
