BlackRock insiders say Bitcoin ETF is likely 6 months away: Novogratz
“We’re going to fight like cats and dogs to win market share” once spot Bitcoin ETFs are approved, Galaxy Digital CEO Mike Novogratz told shareholders.
Čítaj viacpodľa Cointelegraph By Felix Ng | aug 9, 2023 | 0 |
“We’re going to fight like cats and dogs to win market share” once spot Bitcoin ETFs are approved, Galaxy Digital CEO Mike Novogratz told shareholders.
Čítaj viacpodľa Cointelegraph By Ana Paula Pereira | júl 30, 2023 | 0 |
During a recent interview with Bloomberg Wealth, Novogratz touched on topics ranging from investing to Ripple’s case and Larry Fink.
Čítaj viacpodľa Cointelegraph By Jesse Coghlan | júl 13, 2023 | 0 |
The Galaxy Digital founder believes approval of a spot Bitcoin ETF would essentially be a United States regulator and government nod for Bitcoin.
Čítaj viacpodľa Cointelegraph By Brayden Lindrea | jún 16, 2023 | 0 |
Galaxy Digital CEO Mike Novogratz was among those over the moon with the news, others warn it could be the start of a major institutional takeover.
Čítaj viacpodľa Cointelegraph By Brayden Lindrea | jún 5, 2023 | 0 |
With a score of 17 out of 100, online interest in crypto has taken a big hit from its highest levels reached in May 2021.
Čítaj viacpodľa Cointelegraph By Tom Mitchelhill | jún 2, 2023 | 0 |
The Galaxy Digital CEO said there has been a recent lack of institutional interest in cryptocurrency buying, which has led to deflated enthusiasm in the markets.
Čítaj viacpodľa Cointelegraph By Brayden Lindrea | mar 30, 2023 | 0 |
The authors of the letter explained that advanced AI could cause a profound change in the history of life on Earth, for better or worse.
Čítaj viacpodľa Cointelegraph By Zhiyuan Sun | mar 28, 2023 | 0 |
The Mike Novogratz-led digital asset firm recorded a pre-tax income of $150 million during most of Q1 2023.
Čítaj viacpodľa Cointelegraph By Helen Partz | sep 28, 2022 | 0 |
The next Bitcoin (BTC) bull run will have to be much different from historical cryptocurrency rallies in terms of story and utility, Galaxy Digital CEO Mike Novogratz believes.Compared to previous bull runs, the next Bitcoin rally will have to be more focused on utility and less on the story, Novogratz predicted at a panel at the Token2049 crypto event on Wednesday.One of the biggest historical rallies, the Bitcoin bull run of 2017, was mostly about the story, the CEO said, referring to the cryptocurrency’s run from about $1,000 to $20,000 within one year.According to Novogratz, the 2017 bull run was mostly about the story of people not trusting the government and wanting more privacy and decentralization. “It was a Gen Z millennial revolution. And it was global. That’s a powerful story,” the CEO noted.Another big rally, with Bitcoin hitting all-time highs above $69,000 in November 2021, was “really generated” by the COVID-19 pandemic, Novogratz said. He suggested that the price action in 2020 and 2021 was “probably 80% of the story and 20% of utility,” referring to the growing utility use case of digitalization amid the pandemic.Mike Novogratz and Bloomberg’s Haslinda Amin at Token2049. Source: Cointelegraph“It’s theory and all the other level ones started really accelerating the work to build a shared blockchain that we could build companies on top of,” Novogratz stated.In contrast to the mentioned cryptocurrency bull runs, the next Bitcoin rally will have to be “50% story, 50% utility,” Novogratz predicted, stating:“I see it’s people building applications, people building systems that are fast and scalable and that are user friendly. We don’t have them yet. That’s why we’re where we are. But in the next few years, they’re coming.”During the panel, Novogratz also revved up the audience with his bullish prediction of the “inevitability” that crypto will succeed.“The word inevitable keeps coming up. There’s a sense of inevitability that we’re in the right space, inevitable that Bitcoin will have its day,” Novogratz stated. He also expressed confidence that Web3 and nonfungible tokens will be a big part of the gaming space in the future.Related: Bitcoin analyst who called 2018 bottom warns ‘bad winter’ may see $10K BTCAdditionally, the CEO noted that despite the ongoing cryptocurrency winter, Bitcoin has still performed better than a basket of various fiat currencies this year. “If you look at Bitcoin versus a basket of currencies, it’s done about 20% better than versus the dollar,” Novogratz noted.As previously reported by Cointelegraph, Novogratz has made some successful predictions about Bitcoin. Back in 2020, Novogratz predicted that Bitcoin would end the year above $20,000, which turned out to be an understatement, with Bitcoin nearing the $30,000 price mark by the end of 2020.Additional reporting by Andrew Fenton.
Čítaj viacpodľa Oliver Nalevanko | sep 23, 2022 | 0 |
Tento príspevok bol pôvodne publikovaný na stránke...
Čítaj viacpodľa Cointelegraph By Brayden Lindrea | sep 13, 2022 | 0 |
$4.2 trillion asset management firm Fidelity Investments is reportedly working towards offering Bitcoin trading services to its 34.4 million retail investor base, according to Galaxy Digital CEO Mike Novogratz and people familiar with the matter. While Fidelity hasn’t officially confirmed plans to incorporate crypto onto its retail platform, Novogratz told a conference audience in New York on Sept. 12, that the move may be just around the corner:“A bird told me that Fidelity, a little bird in my ear, is going to shift their retail customers into crypto soon enough.”“I hope that bird is right. So we are still this institutional march and that gives crypto its floor,” he added.Novogratz isn’t the only person to have signaled the potential move from Fidelity. The Wall Street Journal (WSJ) on Sept. 12 noted that that Fidelity is currently “weighing a plan” to allow individual investors to trade Bitcoin on its brokerage platform. A similar note was shared by Eight Global Founder and CEO Michaël van de Poppe last week, suggesting that the platform will launch Bitcoin trading for retail customers in November. Fidelity in a Sept. 12 statement addressed the rumors, noting:”While we have nothing new to announce, expanding our offerings to enable broader access to digital assets remains an area of focus.”Fidelity Investment has been an active investor and playmaker in the crypto space, fueled by a growing demand from clients to access crypto investment opportunities. Fidelity started mining Bitcoin in 2015 and launched a Bitcoin-trading business for hedge funds and institutional investors in 2018.In April, Fidelity also began allowing its 401(k) retirement savings account holders to invest directly into Bitcoin (BTC), though this was later met with pushback from three U.S. senators including Senator Elizabeth Warren, who called the launch of the Bitcoin product to be “immensely troubling.”Related: Sen. Warren asks Fidelity to address the risks to put Bitcoin in 401(k)sFidelity is a multinational finance corporation that provides brokerage services, mutual funds management, investment advice, and retirement services and is the fourth largest asset management firm in the world, according to ADV ratings.
Čítaj viacpodľa Cointelegraph By Helen Partz | aug 15, 2022 | 0 |
After more than a year of efforts to acquire the digital asset custodian BitGo, Mike Novogratz’s cryptocurrency investment firm Galaxy Digital has decided to drop the acquisition.Galaxy has terminated the BitGo acquisition, citing a breach of contract, the firm officially announced on Monday.According to the statement, Galaxy exercised its right to terminate the deal in line with the acquisition agreement after BitGo failed to deliver audited financial statements for 2021 by July 31, 2022. Galaxy noted that no termination fee is payable in connection with the termination.As previously reported, Galaxy originally announced plans to acquire BitGo in May 2021 as part of its plans to go public in the United States. Following multiple delays in the acquisition, Galaxy was expected to finalize the transaction by the end of 2022. Despite winding down the BitGo acquisition, Galaxy still continues its path to the U.S. listing on Nasdaq, CEO Novogratz said, stating:”Galaxy remains positioned for success and to take advantage of strategic opportunities to grow in a sustainable manner. We are committed to continuing our process to list in the United States.”As part of the U.S. listing plans, Galaxy is working to reorganize its operations to become a Delaware-based company. The firm previously expected Delaware domestication to become effective between Q2 and Q4 of 2022, subject to a review process with the U.S. Securities and Exchange Commission.Related: Argo Blockchain keeps cashing out BTC to pay the debt to Galaxy DigitalGalaxy also remains focused on launching new products including its upcoming offering, Galaxy One Prime. Targeting institutional investors, Galaxy One Prime provides services like trading, lending and derivatives alongside access to qualified custody that integrates “qualified blue-chip custodians.”BitGo and Galaxy Digital did not immediately respond to Cointelegraph’s request for comment.
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