CEO and founder of cryptocurrency bank Galaxy Digital Mike Novogratz is convinced that the two largest cryptocurrencies by capitalization are already close to the “bottom”, in contrast to the assets of the traditional U.S. financial market. S&P 500 index – down 22% from its peak in early January. Bitcoin and Ethereum prices are down 67.6% and 74.9% from their all-time highs, respectively. In early May, Novogratz foresaw bitcoin and Ethereum prices falling below the $30,000 and $2,000 levels, respectively.