Mike is certain that a spot Bitcoin ETF will be approved by the SEC in the near future.
The CEO said that a shift in attitude at the SEC or a new administration could be required.
Bitcoin, according to crypto billionaire Mike Novogratz, will experience major increases by this year-end. In a recent interview with Bloomberg, Novogratz predicted that Bitcoin’s current consolidation period, between $28,000 and $32,000, will be followed by a significant increase.
According to him, this upsurge might happen if the authorities in the United States do a u-turn or flinch in response to the rising popularity of Bitcoin. Novogratz said that the price of Bitcoin did not appear to be much affected by BlackRock’s announcement of its exchange-traded fund (ETF).
But he argued that this doesn’t diminish the potential of ETFs to accelerate Bitcoin’s mainstream adoption. He said that these ETF providers showcase upcoming adoption.
All Eyes on SEC
The CEO of Galaxy Digital is certain that a spot B
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