Galaxy Digital CEO Mike Novogratz said in an interview with CNBC Fast Money that an institutional investor has invested in the Bitcoin Hedge Fund. However, the Founder has not disclosed who the institutional investor is, but stated that it is one of the most effective “donations.” He said there will be FOMO between agencies. According to Novogratz:
“So I think Bitcoin will outperform for a while. I am not a Bitcoin maximalist, but anyone who talks about institutional investors will start with Bitcoin.”
He also stated that all institutional investor projects will start with Bitcoin because it is a store of value and people know Bitcoin and it matters
Mike said that the interest of institutional investors in the cryptocurrency market has seen significant growth. He also underlined that major institutions will start investing in crypto in the next three to six months.
‘Prices Will Definitely Go Up’
However, Mike said that this will not happen until the end of this year, but that prices will definitely rise. stated. He also said that Goldman Sachs, the largest financial institution in the United States, will reveal details on the custody within six weeks. In his last tweet, he mentioned that cryptocurrencies have reached the bottom by looking at the charts, but better days are coming for Bitcoin [BTC] and Ethereum [ETH].
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