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Jan 23

Mike Novogratz downplayed the impact of GBTC sales on Bitcoin's prospects

Galaxy Digital CEO, Mike Novogratz, has cast a reassuring light on the impact of Grayscale's GBTC liquidations, downplaying the potential detriment to Bitcoin's trajectory. Novogratz contends that the majority of investors offloading GBTC positions will likely redirect those funds into alternative Bitcoin ETFs, thus acting as a counterbalance to the existing softness in the primary cryptocurrency. Boldly predicting a more elevated valuation for digital gold six months hence, Novogra...
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