Novogratz pointed out that Bitcoin is no longer just a target for individual investors but has attracted the attention of giant institutions like BlackRock (Larry Fink), Morgan Stanley, and Vanguard. He explained that these institutions' acceptance of Bitcoin as a "permanent asset class" has created strong market support.

Novogratz clarified that Bitcoin is currently experiencing a period of "less exciting" stability and identified the technical levels needed for the market to start moving upward. According to this well-known investor, a true bullish trend requires surpassing the resistance level at $74,000, and more importantly, the resistance at $80,000. He expects the market to experience a wave of optimism once this level is broken.

In response to Google research reports suggesting that quantum computers could breach the security of cryptocurrencies faster than expected, Novogratz argued that this is not a matter of "nihilism." He explained that core Bitcoin developers are monitoring the process, and necessary software changes will be made to make the network "quantum-resistant," adding that concerns about this issue are exaggerated.