Bitcoin price forecast from the CEO of Galaxy Digital

Galaxy Digital officially went to Nasdaq and recorded his listing under the ticker symbol “GLX”. CEO and founder Mike Novogratz describes this step as a decisive milestone in corporate development.

The listing is the climax of years of growth for the company specializing in cryptocurrencies, which, in addition to its services in the field of digital assets, is now also expanding to the field of infrastructure for artificial intelligence.
In the CNBC show “Squawk Box”, Novogratz gave a courageous view of the future of Galaxy and the cryptom market in general. He drew comparisons between Bitcoin and Gold and indicated that the digital currency was still in an early phase of long -term coverage. “Bitcoin is currently a $ 2 trillion heavy asset in a world in which gold is worth $ 22 trillions,” he explained and predicted a possible increase to $ 130,000 to $ 150,000 in the next big breakthrough. 'This is only a matter of time. “

Galaxy, originally founded as a 'Goldman Sachs of the cryptocurrencies ”, is now active in two core areas: services in the field of digital assets and AI-supported infrastructure. Novogratz emphasized the company's helios data center in Texas-a facility that is of central importance for its AI ambitions. Should generate billions of rental income, while Galaxy is expanding its role in high -performance computers.

The conversation also turned to political issues, whereby Novogratz pointed out the blatant differences in the treatment of the crypto industry through the last US governments. He criticized the regulatory environment of the bidea era as excessively hostile and, in his opinion, compared it to a cheaper attitude during Donald Trump's presidency. Nevertheless, he emphasized the importance of cross-party cooperation in crypto legislation and noted that the growing interest of the Trump family should only give cause for concern if it was associated with illegal behavior.

Galaxy's IPO takes place at a time when the interest of institutional investors in cryptocurrencies increase again, and the company seems to be well positioned in order to benefit from the convergence of blockchain, finance and artificial intelligence.