Galaxy Digital founder and CEO Mike Novogratz told CNBC’s ‘Squawk Box’ that the US crypto sector is headed for positive regulations no matter who wins the upcoming election. Novogratz, a major crypto advocate, believes the next regime will support the industry’s growth.
He emphasized that crypto needs to be a bipartisan issue, noting that most Democrats, outside of a small group, are pro-innovation. Despite current challenges, he sees the regulatory landscape shifting positively.
Novogratz highlighted Bitcoin as a core portfolio holding, especially as US debt increases. Bitcoin traded around $61,862, up 44% year-to-date and 102% in the past year. He predicts BTC will remain in the $55k-$73k range until new developments emerge.
Positive crypto regulation is crucial for the industry’s long-term growth and stability.
