Posted 12/19/2023, 7:06:02 PM
Crypto Poised for Massive Gains if Just 1% of Institutional Money Enters Market, Says Galaxy Digital CEO
- Bitcoin and Ethereum could see parabolic moves if institutions allocate just 1% of portfolios to crypto
- Galaxy Digital CEO Novogratz sees increasing budget deficits and money printing as bullish for crypto
- Supply/demand dynamics for Bitcoin are unprecedented with more daily demand than miners can supply
- Novogratz believes Bitcoin could easily surpass its previous all-time high of $69,000
- Ethereum is also poised for massive gains if institutional investment enters the crypto market