Galaxy Digital CEO, famous billionaire Mike Novogratz, said that a possible SEC approval for Bitcoin (BTC) would be a vote of confidence and the price would reach higher by the end of the year.
Mike Novogratz 12 July In an interview with Bloomberg on US Securities and Exchange Commission (SEC) by spot Bitcoin ETFBitcoin’s approval to be given to US government and the people an endorsement by sign stated that it could be seen as
Novogratz, currently many people You have reservations about investing in Bitcoin stated. Billionaire, BlackRock And Invesco This is due to the fact that huge asset managers like ETF approval can be largely resolved implied.
Imagine Larry Fink (CEO of BlackRock) walking around talking to the world’s largest pools of capital. Things get really easy when Fink says that Bitcoin is an alternative asset.
Expecting an increase on the investor side with Spot Bitcoin ETF approvals, Novogratz said the SEC is likely to will approve multiple ETFs drew attention. According to Novogratz, this will be created by asset managers immediately after approval. with huge sales teams Together, it will reach people who do not have access to Bitcoin.
Novogratz on the other hand whether there will be a spot ETF approval by the end of this year to the question a clear answer refused to give. in Novogratz, USA crypto regulation about real progress to be recorded To a change of mind and management in the SEC Said it was needed.
Bitcoin will be higher by the end of the year
On the other hand, Novogratz also talked about Bitcoin price. Bitcoin’s current state 28 thousand with 32 thousand dollar between consolidated that and 32 thousand your dollar in case of passing rise He said it would be a good opportunity for him. Billionaire, Bitcoin closing the year above the 30 to 32 thousand dollars levels. He added that he was waiting for them.
The famous billionaire, recently since last month 1 trillion dollars growing too much US national debt pointing out buying bitcoin had called for it.
Coinecko data in the last 30 days 16.6% appreciated bitcoinin the last 24 hours 1.4% depreciating as of writing $30,378 traded at the level.