Galaxy Digital CEO Mike Novogratz Calls For Global Trust In Bitcoin 'Without A Gun To Their Head'
Portfolio Pulse from Benzinga Neuro
Galaxy Digital CEO Mike Novogratz has expressed his belief in the value of Bitcoin (BTC), stating that its value comes from the trust of its users. He highlighted the recent shift in institutional support for Bitcoin, exemplified by BlackRock's application to establish a Bitcoin spot ETF and bullish remarks on digital tokens. Novogratz also mentioned Ripple's (XRP) recent court victory against the SEC and the emergence of Worldcoin as potential factors that could boost Bitcoin's value.
August 01, 2023 | 8:49 am
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POSITIVE IMPACT
Increased institutional support and regulatory clarity could boost Bitcoin's value.
The recent shift in institutional support for Bitcoin, as well as Ripple's court victory against the SEC, could potentially boost Bitcoin's value. This is because increased institutional support and regulatory clarity could lead to increased adoption and use of Bitcoin, thereby driving up its price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Ripple's recent court victory against the SEC could potentially boost its value.
Ripple's recent court victory against the SEC could potentially boost its value. This is because the court victory provides regulatory clarity, which could lead to increased adoption and use of Ripple, thereby driving up its price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70