{"id":82510,"date":"2023-08-02T13:09:15","date_gmt":"2023-08-02T10:09:15","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=82510"},"modified":"2025-09-12T05:29:55","modified_gmt":"2025-09-12T02:29:55","slug":"mike-novogratz-ties-bitcoin-rally-to-the-fed-and-blackrock-etf-decision","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/mike-novogratz-ties-bitcoin-rally-to-the-fed-and-blackrock-etf-decision\/","title":{"rendered":"Mike Novogratz ties Bitcoin rally to the Fed and BlackRock ETF decision"},"content":{"rendered":"

The BlackRock filing<\/a> on launching Bitcoin-ETF<\/a> is part of the ‘adoption cycle’ that would allow the price of the leading cryptocurrency to surpass ATH<\/span>. In an interview with Bloomberg<\/a>, Galaxy Digital CEO Mike Novogratz said.<\/p>\n

He noted an improved perception of digital gold by Larry Fink, the head of the world’s largest asset manager.<\/p>\n

\n

\u201cThe most important thing that happened this year in the crypto market \u2014 Fink. He opened his eyes \u2014 he was skeptical, but he believed in Bitcoin. Now he says: \u2018Hey, this will be a world currency. People around the world trust it\u2019,\u201d<\/em> \u2014 Novogratz said.<\/p>\n<\/blockquote>\n

An important component for improving the dynamics of digital gold, he said, is the expected shift by the Fed<\/span> toward lowering the key rate.<\/p>\n

\n

\u201cIf you are young and have a high risk tolerance, buy Alibaba stock, silver, gold, Bitcoin and Ethereum. If your risk tolerance is not high, allocate 30% to such a portfolio, and the remaining 70% \u2014 to bonds and, perhaps, an index fund,\u201d<\/em> \u2014 he suggested.<\/p>\n<\/blockquote>\n

During the discussion, Novogratz named the court verdict<\/a> in the SEC<\/span> case against Ripple Labs \u201ca huge win\u201d for the crypto industry.<\/p>\n

On the prospects for Worldcoin (WLD), Galaxy Digital’s CEO advised not to bet against Sam Altman (the project\u2019s founder and also known as co-founder of OpenAI with the ChatGPT product).<\/p>\n

\n

\u201cI think the price [WLD] could potentially be much higher due to the hype around AI. I don\u2019t know whether we will all use this [World ID] as our identity,\u201d<\/em> he said.<\/p>\n<\/blockquote>\n

Worldcoin announced an official launch<\/a> on 24 July. The project\u2019s main product\u2014the World ID protocol\u2014is based on zero-knowledge proofs<\/a>. It is a mobile tool that allows people to verify their identity by iris scan or phone number.<\/p>\n

Earlier, Worldcoin\u2019s activities drew the attention of regulators in the United Kingdom, Germany, France, and Kenya.<\/p>\n

Back in June, Novogratz pointed to the crypto market’s apathy due to waning institutional interest. He described the removal of regulatory uncertainty in Hong Kong as one of the drivers of the shift.<\/p>\n","protected":false},"excerpt":{"rendered":"

Galaxy Digital CEO Mike Novogratz: The BlackRock filing to launch a Bitcoin-ETF is part of an adoption cycle that would push the price above ATH.<\/p>\n","protected":false},"author":1,"featured_media":82511,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,865,1249,1303,1327],"class_list":["post-82510","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-blackrock","tag-federal-reserve-system","tag-mike-novogratz","tag-worldcoin"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/82510","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=82510"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/82510\/revisions"}],"predecessor-version":[{"id":82512,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/82510\/revisions\/82512"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/82511"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=82510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=82510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=82510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}