Mr. Mike Novogratz, founder and CEO of Galaxy Digital, assures us that Bitcoin is drawing nigh to the bottom of its present caprice.
In a discourse upon Bloomberg Television, he observes that Bitcoin’s descent to approximately $76,000 speaks more of marginary pressure than a collapse in the social rigour of institutional interest.
He notes that while fresh establishments do make their appearance, prices are still governed by increments of buyers and sellers, as if the town council itself were determining the patterns of a ball.
“I think we’re getting close to the bottom… And listen, there’s a couple of things that could help. The market structure bill. Passing would be a big deal. People are really pessimistic on it right now. I actually am a little more optimistic that things get done because I think both sides want it done.”
A second possible catalyst is a shift in expectations concerning monetary policy.
Novogratz contends that recent declines have been in part the product of fears of a hawkish stance, yet he maintains those fears may be somewhat exaggerated.
He anticipates policymakers to incline toward a more dovish posture given the present economic climate, which might lend support to risk assets including crypto.
He further asserts that the alleviation of inflation-tail risks is broadly favourable for the United States economy, even if immediate boon to assets such as Bitcoin, gold, and silver remains modest.
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2026-02-06 13:42