Galaxy Digital CEO, famous billionaire Mike Novogratz, while explaining the reason for the stagnation in the crypto money market, pointed to important developments that could trigger the rise.
Mike Novogratz, in an interview with global media on CNBC on June 1, talked about the sluggish course of the cryptocurrency market. in important statements found. Novogratz, famous for its volatile movements “The calm and stagnant structure of the crypto money industry in recent weeks”unusualwhile describing the the reason behind lit up.
Novogratz wants the crypto market to consolidate in the calm atmosphere lack of institutional investors. tied up. On the other hand, stating that new investors continue to enter the market, the CEO said that these investors are more small scale but long term claimed it was. The long-term strategies of these new investors brought stability to the market. stressed.
Considering the billionaire in the medium and long-term periods Bitcoin (BTC) And Ethereum (ETH) He expressed that it is the best option for investment with the following sentences:
When you set your own risk bitcoin and Ethereum They are the two best assets to invest in at 2 years, 3 years and 6 months.
Hong Kong, FED and WeChat influence
on the other hand US Federal Reserve (FED) possible in the second half of 2023. economic stagnation policy. The CEO, who thinks that this situation can lead to cryptocurrencies, a serious rise He said it might trigger it.
Novogratz underlined the two important developments experienced recently, WeChat the integration of Bitcoin into the platform and Hong Kong reminded of the developments on the front. The massive scale of Novogratz WeChat will bring significant adoption While stating that the legalization step taken by Hong Kong adopting an Asia-centric He believes he will bring it with him.
In addition to his statements about cryptocurrencies, Novogratz artificial intelligence He also talked about developments in the field. the era we are in “early stage of artificial intelligence bubble” The billionaire, who defines it as will reach serious proportions. He claimed.