Billionaire Mike Novogratz, CEO of Galaxy Digital, stated that Bitcoin could reach an all-time high in 2024.
Mike Novogratz made remarkable Bitcoin predictions in his interview with Bloomberg TV on Wednesday. Next year spot Bitcoin exchange-traded fund (ETF) their applications will be approved and halving Novogratz, who thinks that Bitcoin will break new records due to its effect, also explained how this process will work.
Binance USA Department of Justice (DOJ) Referring to the agreement he made with Novogratz, he noted that the developments were positive. Stating that the agreement in question has led to the elimination of many concerns about the sector, the CEO made the following statements:
I think in many ways people have become de-risked. People were hesitant to trade on Binance. There’s less to worry about now.
Bloomberg reporter said:Could we be back to previous highs by this time next year?” to the question “Of course“The experienced name replied, In an environment where everyone can easily access Bitcoin He stated that price movements will proceed much more successfully:
Prices are set at the margin, so this is all new money. When the government says you’re allowed to buy Bitcoin, we’re going to see a pretty big change in psychology.
The SEC has not approved any spot Bitcoin ETF applications yet, but it is on its desk BlackRock And Fidelity There are applications from market giants such as. There is a high expectation that the SEC will approve these ETF applications in January 2024.
According to CoinGecko data, in the last 24 hours 1.2% rise Bitcoin exhibiting, at the time of writing from $38,368 is being traded.