Billionaire investor and CEO of Galaxy Digital, Mike Novogratz, talked about 4 developments that he expects for a possible rally this time, among his expectations for the crypto industry. Expressing his views on Twitter, Galaxy Digital CEO Mike Novogratz wrote that he expected 4 events to start the rise in cryptocurrencies 2 months ago. These; The Fed halted rate hikes, Ripple won the lawsuit, Bitcoin ETF and Binance CEO CZ listed as US regulators deal.
Commenting on these wishes, Novogratz said that the Fed will stop once again after increasing interest rates, and that his wish for Ripple has almost come true. Galaxy Digital CEO said that he is certain that the spot Bitcoin ETF, which is one of his other two wishes, will be approved. Saying that he has no idea what stage Binance is at with US regulators, Mike Novogratz said he still prayed for the deal to happen soon. Saying that he does not expect that much progress will be made in at least 3 of these 4 wishes, Novogratz implied that he maintains his bullish expectation on the crypto market.
Galaxy Digital CEO recently talked about the rally expectation for cryptocurrencies in a program he attended on CNBC. Mike Novogratz claimed that Bitcoin investment will become a more attractive investment than buying treasury bills, if the Fed starts to cut interest rates as the US economy enters a possible recessionary stage.