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Galaxy Brains

Where Crypto Goes Next w/ Mike Novogratz

May 16, 2024
Mike Novogratz, Galaxy founder and CEO, discusses Galaxy earnings, crypto market cycles, macro data, and politics. Topics include economic factors affecting Bitcoin, US elections, ETF adoption, Bitcoin vs gold, America's debt challenges, Trump's crypto stance, Bitcoin performance metrics, GameStop frenzy impact, and generational wealth disparities.
46:45

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Bitcoin's price may hit $73,000 with Fed action or regulatory breakthroughs.
  • Galaxy Digital's strong Q1 earnings signal increased institutional interest in crypto space.

Deep dives

Bitcoin's Price and Future Outlook

There is anticipation for Bitcoin's price to reach the old high of $73,000, but it may require action from the Fed or regulatory breakthroughs. The current price range is expected to hover around $55,575 to $57,373 until the next significant move, anticipated to be upward due to potential rate cuts closer to the election.

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