Is crypto about to turn around?

It might be time to believe in crypto again.

Mike Novogratz, a Bitcoin bull, thinks that cryptocurrencies could be revived soon. The CEO and founder of Galaxy Digital believes that Crypto has hit its lowest level this month and that it will recover 30% by the end of the year.

Novogratz will join CNN international correspondent Paula Newton to discuss the sector on CNNMoney's "Markets Now" on Wednesday.

Galaxy and Bloomberg launched the Bloomberg Galaxy Crypto index in May. The index tracks the performance of 10 digital currencies, including Bitcoin and Ethereum.

Bitcoin climbed to nearly $ 20,000 at the end of last year, then lost nearly two-thirds of its value in 2018.

At the last appearance of Novogratz on "Markets Now" in May, "it is almost essential that every investor has at least 1% to 2% of its portfolio" in crypto.

"Markets Now" streamed live from the New York Stock Exchange every Wednesday at 12:45 ET. Organized by CNNMoney's commercial correspondents, the 15-minute program offers incisive commentary from experts.

You can watch "Markets Now" on CNNMoney.com/MarketsNow from your desktop or on your phone or tablet. If you can not watch the show live, check out the highlights online and via the Markets Now newsletter, delivered to your inbox every afternoon.

CNNMoney (New York) First published on September 25, 2018: 4:45 PM ET