Galaxy CEO Mike Novogratz noted that the crypto market is currently in a sluggish phase, as many long-term holders are reallocating assets following an extended bull run.
According to him, this kind of diversification lays the groundwork for sustainable growth, even though it exerts short-term pressure on prices.
Novogratz emphasized that the current situation does not signal the peak of the market cycle. He expressed confidence that by the end of 2025, a new Federal Reserve chair with a more dovish monetary stance could emerge, potentially triggering the next phase of crypto asset growth.
In his latest essay, former BitMEX CEO Arthur Hayes wrote that Bitcoin is set for a major rally driven by Federal Reserve policy.
He explained that when the Fed expands the amount of money in the system, it increases liquidity – which in turn boosts demand for risk assets, including cryptocurrencies.
“This will be the fuel for Bitcoin’s next growth cycle,” Hayes wrote.
Commenting on Galaxy’s internal operations, Novogratz said the company focuses daily on building long-term shareholder value and continues to invest actively in business development.
“We can’t control who buys or sells our stock, but we can invest in the future, find opportunities, and attract great talent,” he said.
The executive added that Galaxy sees significant potential in both of its core business segments – crypto services and data centers. He highlighted the company’s strong employee ownership culture, which “makes the team truly invested in the company’s success.”
Read Also:
- 72 Cryptocurrencies From the Top 100 Have Fallen More Than 50% – Galaxy Research
- Zcash Surpasses Monero and Enters Top 20 Cryptocurrencies by Market Cap
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