Why Mike Novogratz says Bitcoin isn’t the biggest bet in crypto right now – DL News
- Galaxy CEO says altcoins inject fresh energy and capital.
- SEC Chair Paul Atkins’ pro-onchain pivot a “radical departure.”
Bitcoin may be the biggest crypto, but you should look elsewhere for the real fireworks.
That’s according to Galaxy Digital CEO Mike Novogratz, who says the $4 trillion digital assets market is entering a new phase: one led by altcoins and alternative asset treasuries.
“Bitcoin’s in consolidation right now,” he told CNBC. “You’re seeing a lot of these treasury companies in other coins take their shot. It’s bringing energy and money into the space.”
Novogratz pointed to Forward Industries’ $1.6 billion raise as an example. The Solana-focused corporate treasury firm is backed by Galaxy, Jump Crypto,…
