📊A “new army of buyers” has appeared in Bitcoin: the demand is huge
Mike Novogratz, CEO of Galaxy Digital, expressed optimism about the future of BTC, noting the huge global demand for this cryptocurrency.
He noted that for the first time in the history of BTC, true price discovery can be observed due to its availability to a wide audience. Novogratz pointed to growing interest from new buyers, including investors who previously had no opportunity to invest in BTC
He also discussed the potential price of BTC in the future, noting that its value could rise significantly above current levels. In his opinion, BTC can become an important asset comparable in value to gold or even surpass it. He noted changes in the supply of BTC due to the reduction in mining rewards and highlighted the huge global demand for this cryptocurrency.
Novogratz touched upon the issues of regulation of cryptocurrencies. He has seen some signs of improvement in the regulatory situation, but expects significant progress will only be made after the next election and the start of a new phase in relations with regulators.
