Mike Novogratz, founder and CEO of Galaxy, mentioned on the Solana Breakpoint convention that the regulatory framework within the cryptocurrency house is turning into clearer and a time has begun the place “we have to develop merchandise that actual customers will undertake.”
Galaxy CEO Mike Novogratz: “I am nonetheless optimistic about Bitcoin. World blockchain curiosity is accelerating.”
Novogratz emphasised that the worth of cryptoassets relies upon largely on the power of the neighborhood and substantial development, and mentioned that lasting success is feasible by way of innovation and concrete use instances.
Novogratz mentioned Solana is a “blockchain born for capital markets” as a result of its excessive efficiency, and Galaxy and Leap’s cooperation can be based mostly on their capacity to develop high-frequency infrastructure.
Novogratz mentioned that though the cryptocurrency market skilled risky actions all through 2024, the general outlook stays constructive. He famous that Galaxy’s main clients accomplished $9 billion in Bitcoin gross sales this 12 months, demonstrating profit-taking and portfolio diversification by early traders. Regardless of this, new Bitcoin patrons proceed to enter the market frequently, he added.
Novogratz mentioned his current participation in Abu Dhabi Finance Week, which attracted main traders and monetary sector leaders from around the globe, additional strengthened his optimism. He added that these discussions have bolstered the idea that international curiosity in blockchain and digital property is accelerating reasonably than waning.
*This isn’t funding recommendation.
