Bitcoin (BTC) has experienced fluctuations in 2023, with the cryptocurrency striving to surpass the $30,000 mark and overcome the remnants of last year’s bear market. Notably, one of the highlights of the year for Bitcoin was the renewed interest shown by institutional investors in the asset.
In this line, billionaire and Galaxy Digital CEO Michael Novogratz has shared his views on the state of Bitcoin in 2023. According to Novogratz, the turning point came when Larry Fink, CEO of BlackRock (NYSE: BLK), the world’s largest asset manager, openly embraced Bitcoin and became a fervent supporter, he said during an interview with Bloomberg on July 29.
Novogratz coined the term ‘orange-pilled’ to describe Fink’s transformation. It’s worth noting that Fink was initially skeptical about Bitcoin’s merits before becoming an advocate for the digital currency.
“The most important thing that happened this year in Bitcoin is Larry Fink. <…> He got ‘orange-pilled,’ as we s

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