{"id":24865,"date":"2023-12-02T03:23:04","date_gmt":"2023-12-02T03:23:04","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/galaxy-digitals-ceo-mike-novogratz-eyes-bitcoins-rising-tide\/"},"modified":"2023-12-02T03:23:04","modified_gmt":"2023-12-02T03:23:04","slug":"galaxy-digitals-ceo-mike-novogratz-eyes-bitcoins-rising-tide","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/galaxy-digitals-ceo-mike-novogratz-eyes-bitcoins-rising-tide\/","title":{"rendered":"Galaxy Digital&#8217;s CEO Mike Novogratz Eyes Bitcoin&#8217;s Rising Tide"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>Mike Novogratz, the billionaire CEO of Galaxy Digital, is optimistic about Bitcoin\u2019s future, predicting a potential surge in its value. In a recent Bloomberg Television interview, Novogratz pointed out several key factors that could drive Bitcoin\u2019s price upwards.<\/p>\n<p>Novogratz highlighted the potential impact of new <a href=\"https:\/\/igaming.org\/cryptocurrencies\/section\/what-is-a-bitcoin\/\">Bitcoin<\/a> spot market exchange-traded funds (ETFs), the anticipated <a href=\"https:\/\/igaming.org\/crypto\/the-countdown-to-the-next-bitcoin-halving-what-you-need-to-know\/\">Bitcoin halving<\/a>, and the Federal Reserve\u2019s actions as pivotal elements. He believes these factors could propel Bitcoin to match or even exceed its previous peak.<\/p>\n<p>\u201cThere\u2019s a bunch of good things happening for Bitcoin. We are going to get an ETF, there\u2019s a lot of anticipation, some of that is built into the price. When you actually get the ETF announcement there\u2019s probably still two months before it starts trading, and then once it starts trading, we\u2019ll see,\u201d Novogratz said.<\/p>\n<p>He further elaborated on the influence of major institutions like BlackRock, Invesco, Ark, and Fidelity. These institutions, including Galaxy Digital, are actively promoting Bitcoin adoption. Novogratz argues that their efforts, combined with a likely scenario of the Federal Reserve cutting rates, could significantly increase Bitcoin\u2019s price.<\/p>\n<p>\u201cOf course, we could [reach old highs by this time next year], and could we go higher, we\u2019ll see. You have to remember prices are set on the margin and there are not that many sellers of Bitcoin. We\u2019re going to have the halving next year, which means that the daily supply or inflation rate gets cut in half and so you really are setting up for a wonderful story,\u201d he added, emphasizing the scarcity of Bitcoin sellers and the upcoming halving, which will reduce the rate at which new Bitcoins are created.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong><strong>Get 125% \/ $2,500 on 1st deposit!<\/strong><\/strong> <\/p>\n<p>New players only. Exclusive Welcome Bonus of up to $2,500<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>At the time of this report, Bitcoin\u2019s trading price stands at $38,737, marking a 2.85% increase in the past 24 hours, as per the latest data from <a href=\"https:\/\/igaming.org\/cryptocurrencies\/coinmarketcap\/\">CoinMarketCap<\/a>.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/galaxy-digital-billionaire-ceo-eyes-bitcoins-rising-tide\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) Mike Novogratz, the billionaire CEO of Galaxy Digital, is optimistic about Bitcoin\u2019s future, predicting a potential surge in its value. In a recent Bloomberg Television interview, Novogratz pointed out several key factors that could drive Bitcoin\u2019s price upwards. Novogratz highlighted the potential impact of new Bitcoin [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":24866,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/24865"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=24865"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/24865\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/24866"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=24865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=24865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=24865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}