Billionaire Mike Novogratz, also known for his early investment in Ethereum cryptocurrency He stated that upward conditions have begun to emerge for the market.
Giving his views in a recent discussion at the Global Alts conference Mike NovogratzHe noted that most of the unknown risks in the cryptocurrency market have disappeared following the bear market and many of the fiascos that came with it.
The billionaire noted that three factors are acting to serve as tailwinds for crypto markets, including the possibility of regulatory clarity within the next year, the growing expectation that the Fed will begin lowering interest rates, and Bitcoin adoption through ETFs.
Novogratz stated that the risks, which he described as “tail risks”, were eliminated and they turned these risks in favor of advantage. While Novogratz claimed that the elections to be held in the USA in 11 months would mark the end of Gary Gensler, he stated that cryptocurrency laws would now be even clearer.
Regulations are coming in the next 12-18 months, the Fed is going to lower interest rates, and we have this new adoption tool that’s just starting to happen.
ETF biweekly. Usually, ETFs are announced and don’t begin trading for six to seven weeks, giving sales forces a ton of time to make phone calls.
NEWS CONTINUES BELOWNow we have nine major sales forces, huge sales forces selling Bitcoin, and it’s a huge deal.
