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US Government to Hold Bitcoin on Its Balance Sheet in 6 Months : Predicts Mike Novogratz

Bitcoin is Breaking Down the Crucial RangeE28094Is a Pullback to 90000 Still Viable.webp.webp

The post US Government to Hold Bitcoin on Its Balance Sheet in 6 Months : Predicts Mike Novogratz appeared first on Coinpedia Fintech News

Bitcoin’s price has remained flat week over week, hovering around $97,650 after peaking at $109,000. This comes after two weekends of high volatility, with traders pausing to reassess their positions following a significant liquidation event. Jake O. from Wintermute OTC noted that the slowdown reflects tighter trading ranges and a lack of fresh crypto-specific narratives. With rising rumors of Bitcoin’s addition in the US balance sheet to many crypto firms going public the market is waiting for many events this year. Let’s see what the analysts think about these rising claims. 

Novogratz Predicts a Wave of Crypto Listings

In the downtrend, Galaxy Digital CEO mike novogratz



InvestorChief Executive OfficerBoard Member





shared some interesting perspectives at the recent Ondo Summit. He predicted that by May or June, several companies could go public, thanks to a new SEC environment. Galaxy Digital itself has been waiting 4.5 years to list, highlighting the potential wave of crypto-related companies hitting the New York Stock Exchange or Nasdaq soon. 

This year is different, under Trump’s leadership, the US economy and low borrowing rates are creating a bullish path for public listings. Last month, NYSE’s VP of listings, Chris Taylor, predicted a boom in IPOs, citing increased interest from cryptocurrency enterprises. Taylor expressed hope for regulatory improvements under new SEC leadership could further streamline the IPO process for innovative blockchain businesses.

High-Profile Crypto Gatherings Signal Bullish Sentiment

Moving on, Novogratz also predicted that Bitcoin could appear on the U.S. government’s balance sheet within six months, cementing its role as a store of value. He even mentioned having lunch with the head of one of the largest sovereign wealth funds, who was ready to invest $500 million into Bitcoin post-election, signaling growing institutional interest.

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  • Also Read :
  •   Grayscale’s Cardano ETF Filing Sparks New Bullish Sentiment, Boosting ADA Price
  •   ,

Addressing the Crypto Bubble Debate

Pantera Capital founder dan morehead



Organization: Pantera Capital
Location: United States
Education: B.S.E., in Civil Engineering from Princeton University 
Skills: Hedge Funds and Fixed Income

Experience:

Founder, Managing Partner at Pantera Capital from 2003 – Present
Board Member at BitPesa from Feb 2015 – Present 
Chairman at Bitstamp from 2014 – 2018
Co-founder & Chief Executive Officer at Atriax from 2000 – 2002
Chief Financial Officer & Head of Macro Trading at Tiger Management from 1996 – 2000

EntrepreneurConsultantChief Executive OfficerBoard MemberChairman





also spoke at the panel, addressing concerns about a potential crypto bubble. He argued that it’s premature to call it a bubble when institutional holdings in blockchain remain minimal. Morehead pointed out that if even a small portion of the $500 trillion in global assets moves into crypto, the market could see substantial growth. He expects this shift to begin this year, based on recent discussions with institutions warming up to crypto investments.

Novogratz acknowledged the possibility of Bitcoin dipping to $80,000 but sees this as a buying opportunity rather than a sign of weakness. According to him, such fluctuations do not undermine the long-term potential of crypto space.

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Never Miss a Beat in the Crypto World!

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Kaynak : CoinPedia

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