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Galaxy Digital founder Mike Novogratz envisions a promising future for Bitcoin. According to Novogratz, the value of Bitcoin will rise as a result of the Federal Reserve's rate hikes. He states that currently, Bitcoin is consolidating between $28,000 and $32,000.
According to Novogratz, current market conditions are being affected by "supply pressure". In this case, large profits made by some investors are held responsible.
Also, Novogratz makes a prediction regarding the US approval of Bitcoin Exchange Traded Funds (ETFs). This approval could fundamentally change the crypto investment landscape and increase access for major investment firms to Bitcoin.
Novogratz talks about the efforts of his company, Galaxy Digital Holdings, to be listed in the US, but says the process has been slow and frustrating.
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