Delighting Comments from the CEO on the Future of Cryptocurrency Market!

Galaxy Digital CEO Mike Novogratz states that there is a bullish trend in crypto as Bitcoin (BTC), Ethereum (ETH) and other digital assets have recorded huge gains year-to-date. On the Galaxy Digital earnings call, Novogratz said “the market is feeling strong” and crypto- He says prices are likely to rise in the coming months.

According to Novogratz, retail investors are leading the rally as the two blue-chip cryptos outperform other asset classes.

“I repeat, Bitcoin and Ethereum two years, three years, four years, this year and it’s been the best risk-adjusted investments to date, and retail understands that.

This has been the way or one of their ways to participate in the financial markets. Most of the price increase comes from retailers, and we don’t see it directly. Because we don’t retail directly, but do a large number of Business-to-Business-Consumer business and therefore we see this through our counterparties.

But the market is feeling strong and technically looking at the charts, we’ve had big weekly closes. Surprised to hear me say this given where my mentality was in late December. But it wouldn’t surprise me if we were significantly higher three months, six months, nine months from now.”

As we reported on Koinfinans.com, Galaxy Digital CEO says crypto assets are having their “moment” amid the banking crisis and high inflation rates.

“This is the time of crypto. Crypto was created for this point in many ways, right? Satoshi Yakamoto was worried about the collapse of the old financial system in 2009. Worried about populism infecting our politics, the constant printing of fiat money and the devaluation of money, he created Bitcoin.

Bitcoin was indeed the first decentralized store of value or money and later gave birth to this whole decentralized industry of revolution.

In the United States, one day the Silicon Valley Bank was healthy and three days later it went bankrupt, the Signature Bank was an important part of the infrastructure for lawyers, crypto and real estate in America, and a week later our system was fragile. there is nothing like a bankruptcy crisis to remind him.”

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