Galaxy Digital CEO Mike Novogratz Calls For Global Trust In Bitcoin 'Without A Gun To Their Head'

According to Mike Novogratz, CEO of Galaxy, the value of Bitcoin BTC/USD comes from the belief of its users, including people like BlackRock’s Larry Fink, Business Insider reports.

He stated, “180 million people around the world, without a gun to their head, take their hard-earned savings and store it in this community of people that run this technology, you know, called bitcoin.”

BlackRock’s Support for Bitcoin: Novogratz believes that the recent shift in institutional support for Bitcoin, exemplified by BlackRock’s application to establish a Bitcoin spot ETF and Fink’s bullish remarks on digital tokens, could help Bitcoin surpass its $69,000 record set in 2021.

Regulatory Clarity and New Entrants: Novogratz also highlighted Ripple’s XRP/USD recent court victory against the Securities and Exchange Commission and the emergence of Worldcoin, a cryptocurrency developed by OpenAI co-founder Sam Altman, as potential factors that could further boost Bitcoin’s value.

Photo by Andreanicolini on Shutterstock

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