BRPHF - Galaxy Digital CEO Says Bitcoin's Floor At $50000 Thanks To Spot ETFs | Benzinga
Mike Novogratz, the billionaire founder of Galaxy Digital (OTC: BRPHF), is bullish on Bitcoin's (CRYPTO: BTC) future, predicting a floor of at least $50,000 and room for further growth towards $100,000.
Novogratz, in a Wednesday interview with CNBC, attributed Bitcoin's robust performance primarily to the steady inflows into the newly sanctioned spot Bitcoin ETFs in the U.S.
He emphasized that as long as these inflows remain positive, Bitcoin's price trajectory is expected to ascend.
Novogratz warned of a potential correction if net inflows turn negative, highlighting the current market's buoyancy and elevated funding rates.
However, he remained optimistic ...