Billionaire Mike Novogratz predicts Bitcoin will reach all-time high with approval of U.S. spot ETF
Galaxy Digital CEO Mike Novogratz is optimistic that Bitcoin will reach its all-time high by next year, with the potential approval of the first U.S. spot Bitcoin ETF driving billions of dollars into the sector. Novogratz believes that making it easier to invest in cryptocurrencies via ETFs will attract a fresh set of retail investors. Meanwhile, MicroStrategy has purchased an additional $593.3 million worth of Bitcoin, bringing their total holdings to 174,530 BTC acquired for ~$5.28 billion at an average price of $30,252 per bitcoin. Other high-profile leaders in traditional finance, such as BlackRock's Larry Fink, have also expressed optimism about Bitcoin's future.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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