- Mike Novogratz predicts Bitcoin will soon be added to government reserves.
- He expects more crypto companies to list on major exchanges soon.
- The billionaire stressed crypto’s increasing impact and presence in financial circles.
Mike Novogratz, founder and CEO of Galaxy Digital, brimmed with enthusiasm at the recent Ondo Summit, where he delivered an unexpected remark that stirred the crypto community.
Novogratz Predicts Bitcoin in U.S. Government Balance Sheet
Novogratz predicted that Bitcoin could soon be a part of the U.S. government’s balance sheet, possibly within the next six months. He confidently stated, “I think Bitcoin will be on the government’s balance sheet in six months. There’s a lot of people trying to figure out how to do it gracefully, but it’s coming.“
He also addressed the U.S. Securities and Exchange Commission (SEC), and venting his frustration over the lengthy waiting period for crypto regulations, while offering a hopeful outlook for the future.
Related: Crypto Recovery in Full Swing: $6 Billion Inflow Reverses Early February Selloff
“We’ve been waiting for four and a half years,” Novogratz said, referring to the drawn-out regulatory process. “But with the new SEC in place, I think we’ll see a wave of companies listing on the New York Stock Exchange or NASDAQ by May or June.“
Crypto Industry Gaining Momentum with New Regulations
The crypto industry, he said, has endured a “four years in the desert“; years marked by neglect and punitive measures from traditional banks. Now, with a new regulatory climate, Novogratz believes the industry is entering a period where companies can enjoy greater operational freedom.
Novogratz described the energy at a recent crypto ball event in Washington, D.C., as “the hottest ticket in town.” He said that, despite only 300 people being there, 20 crypto CEOs attended, showing how much crypto is gaining influence in the financial world.
The billionaire is bullish on the future of Bitcoin, stressing its position as a store of value and its increasing global presence. Bitcoin began 2024 at $44,000 and surged to over $100,000 by December.
Related: Japan’s Pro-Bitcoin Company’s Stock Soars 4,000% in the Past One Year
President Trump has promised to make the U.S. “the crypto capital of the planet” and create a national Bitcoin reserve. David Sacks, the White House crypto czar, also shared he is exploring the practical steps needed to bring this vision to life.
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Source: https://coinedition.com/novogratz-bitcoins-next-stop-the-us-governments-balance-sheet/