Mike Novogratz Says Institutions Buy Bitcoin, Politicians Need More Crypto

Galaxy Digital CEO Michael Novogratz says cryptocurrencies such as bitcoin are recovering as institutional investors buy. In response to U.S. Senator Elizabeth Warren’s anti-crypto stance, she said” We need to work much better in Washington” to educate lawmakers.

Novogratz Says Institutions Buy
Galaxy Digital CEO Mike Novogratz spoke about bitcoin prospects in an interview with CNBC on Wednesday.

He was asked how he saw the price movement of bitcoin, which he thought caused the price of cryptojeld to return to the $ 40,000 level. The manager who spoke for Bitcoin responded:

Cryptography has improved because it buys settings.

He cited the ftx change as an example. The stock market recently raised $ 900 million from more than 60 investors, valuing the company at $ 18 billion. Investors include Softbank Group Corp. Dec.. venture capital firm Sequoia Capital, Private equity giant Tom Bravo, Daniel Loeb’s third point, the Paul Tudor Jones family and British hedge fund manager alan Howard.

Novogratz explained that the price increase was due to the news that Amazon could accept cryptocurrency payments.

He stressed that institutions are among the smartest investors in the world and are involved in crypto decency:

This signaled that all of kriptorynk would not go anywhere.

“It was partly a big short-term rally and partly an acknowledgement that this is a real Sunday that’s not going away,” said Galaxy Digital’s chief executive.

Novogratz was also asked about cryptocurrency rules and what the potential in the US might look like, especially after warnings from Senator Elizabeth Warren.

Warren warned Tuesday that fluctuations in bitcoin prices put retail investors and companies that accept bitcoin payments at risk. Moreover, they argued that people who used bitcoin as money were to blame.

Regarding Senator Warren’s comments on cryptocurrencies, t

Join the Discussion

  • BrokerEUR/USD
    FX Pro 0.91pips. (variable) margin: 3.33%
    IG 0.6pips (fixed) margin: 3.33%
  • Back to top