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Bitcoin: We Need Steady Growth, Not a Sudden Surge – Mike Novogratz

Bitcoin: We Need Steady Growth, Not a Sudden Surge – Mike Novogratz

Mike Novogratz, the founder, and CEO of Galaxy Digital, recently shared his thoughts on Bitcoin and the US economy in an interview on The Prof G Show.

Novogratz expressed his hope that the US economy remains strong and that Bitcoin doesn’t experience a sudden surge to seven figures anytime soon, stating that such a surge would signify instability in the US, which he wants to avoid.

He explained that as someone who has served the country, he does not want to see civil society lost.

Novogratz also criticized Balaji Srinivasan’s recent bet that Bitcoin will hit $1 million by mid-June, stating that such statements could harm the crypto industry’s cause among regulators.

He believes that having regulators on the crypto industry’s side, rather than against it, is crucial, especially at a time when the dollar is under attack elsewhere.

READ MORE: Bull Market on the Horizon: Morgan Creek’s CEO Anticipates “Crypto Summer”

Novogratz further elaborated on his stance, saying that he does not want Bitcoin to explode by over 3,000% from its current levels anytime soon.

He emphasized that he wants Bitcoin to grow steadily and sustainably rather than experience a sudden surge that could be detrimental to the industry. At the time of writing, Bitcoin is trading at $29,943.

Alexander Stefanov

Reporter at CoinsPress

Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.

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