Galaxy Digital's Founder Mike Novogratz Talks About the Future of Bitcoin! Here Are the Developments Novogratz Expects

Founder of Galaxy Digital, Mike Novogratz shared his views on institutional adoption and the future of Bitcoin.

Bitcoin’s price remained relatively stable throughout the past week, as investors awaited the next major catalyst in the crypto market.

According to Wintermute OTC investor Jake O., after two consecutive weekends of high volatility, the market has slowed down and investors have reassessed their positions following last week’s liquidation event.

Last week at the Ondo Summit, Galaxy Digital CEO Mike Novogratz shared his thoughts on the broader crypto space. He predicted an increase in public listings for crypto-related companies:

Novogratz*, “We’ve been waiting for 4.5 years, there’s a new SEC, and I think in May or June, you’ll see a number of companies listed on the New York Stock Exchange or Nasdaq*,” he said.

The event also shed light on institutional interest in crypto. Novogratz recalled a meeting attended by Peter Thiel, Mark Zuckerberg, and about 20 crypto CEOs, which was seen as a bullish signal for the industry.

Taking a step further, it suggested that Bitcoin could enter government balance sheets in the next six months and position itself as a recognized store of value.

Novogratz, the head of a major state asset fund, recently announced cutting a $500 million check to invest in Bitcoin.

This situation indicates an increase in institutional FOMO as sovereign funds potentially lead large-scale crypto investments.