Galaxy Digital CEO “Bullish” With Crypto! What is the reason?


 "There are also people who have a positive view of crypto, but there are no less negative people."

Michael Novogratz, founder of Galaxy Digital Holdings Ltd which is a financial services company in the crypto market looks at digital assets at the moment seeing consolidation after a long period of massive selling over the past few months.

The easing of regulatory restrictions in China and Hong Kong, which aspires to become a crypto hub after deepening its digital assets, is why Novogratz really believes the market is now on the mend.

Chinese banks have reportedly been reaching out to crypto companies directly lately while regulators in Hong Kong are holding meetings to help digital asset enterprises with banking.

During the company's quarterly earnings conference call, he said that the banking crisis in the United States (US) could not only further increase the price of digital assets but also develop the crypto market globally.

He added that the entire crypto market has been increasing this year when there is an increase in the number of activities from Asian countries while investors are no longer interested in selling their digital asset holdings.

As a result, Novogratz, who is a 58-year-old entrepreneur, is confident that the crypto market has the potential to jump higher within three months, six months or nine months from now.

Earlier, he had predicted that the price of BTC could climb up to $30,000 by the end of March, where now the digital asset managed to gain 1.35% at the level of $27,373 in the last 24 hours.