Mike Novogratz Delivers the Good News for the Cryptocurrency Industry: “According to My Hearing…”

Mike Novogratz, founder and CEO of Galaxy Digital Holdings Ltd to cryptocurrencies He said he heard that he will direct.

Fidelity has become one of the most prominent corporate advocates of digital assets to date, and earlier this year, a portion of the savings of 401(k) retirement plan participants in the US. to bitcoin He had said that he would prepare a product in the coming months to allow them to redirect.

Mike Novogratz Claims Giant Investment Company Fidelity Will Direct Retail Clients To Cryptocurrencies

Mike Novogratz, one of the most recognizable names in the cryptocurrency world, said the following at the SALT conference held in New York:

“A bird told me that Fidelity will be driving its retail customers to crypto very soon. I hope that bird is right. So we are still in the process of this institutional march, and this is providing the ground for cryptocurrencies.”

Cryptocurrency prices plummeted following the spring crash of the Terra stablecoin ecosystem, shortly after Fidelity announced its 401(k) plans.

While Bitcoin has lost nearly 50% this year, many so-called altcoins have fallen even more.

Novogratz Was One of the Greatest Defenders of the Decline Terra Ecosystem

Billionaire Mike Novogratz was known as one of the high-profile backers behind the collapsing Terra ecosystem. The famous name even had Terra tattooed on his arm.

Speaking about this tattoo after Terra’s collapse, Novogratz said that he would carry the tattoo as a lesson for the rest of his life.

*Not investment advice.