Reserve Dollar

Galaxy

Bitcoin

Reserve

<figure>
 <figcaption>
  Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
<p>Galaxy Digital CEO Mike Novogratz has recently <a href="https://twitter.com/novogratz/status/1730291104547844449" rel="noopener noreferrer nofollow">applauded</a> the bold move by MicroStrategy's Michael Saylor, who invested a hefty $593 million in Bitcoin.&nbsp;</p>
<p>In a post on X, Novogratz referred to Saylor as a "legend," noting that there was a significant uptick in MicroStrategy’s stock versus Bitcoin during a period when the company sold $600 million in stock to purchase Bitcoin.&nbsp;</p>
<p>The Galaxy Digital boss sees Saylor's massive bet as a strong indicator of growing institutional interest in Bitcoin, particularly with the anticipation of an upcoming ETF.</p>
<h2 id="microstrategy-s-strategic-accumulation">MicroStrategy's strategic accumulation&nbsp;</h2>
<p>As <a href="https://u.today/593-million-bitcoin-btc-purchase-announced-by-microstrategy" rel="noopener noreferrer nofollow">reported by U.Today</a>, MicroStrategy has significantly bolstered its Bitcoin portfolio. The company purchased an additional 16,130 Bitcoins at an average price of $36,785 per coin, according to its regulatory filing.&nbsp;</p>
<p>This transaction has increased MicroStrategy’s total Bitcoin holdings to an impressive 174,530 coins, acquired at an average price of $30,252 each, including fees and expenses.&nbsp;</p>
<p>The company’s total Bitcoin investment now stands at a staggering $5.28 billion.&nbsp;</p>
<h2 id="bad-actors-are-out">Bad actors are out</h2>
<p>In a recent Bloomberg interview, Mike Novogratz of Galaxy Digital <a href="https://u.today/bitcoin-btc-bull-mike-novogratz-bad-actors-are-out" rel="noopener noreferrer nofollow">shared</a> his views on the cryptocurrency industry's evolution and the broader economic landscape. He voiced confidence that most bad actors in the crypto space have been eliminated following the 2022 market crash.&nbsp;</p>
<p>Looking ahead, Novogratz anticipates a slowdown in the U.S. economy in the upcoming quarters, with potential rate cuts by the Federal Reserve in the second quarter of 2024. He suggests that these macroeconomic changes could lead to a significant shift in the cryptocurrency market, potentially setting the stage for future growth and stability.</p>

Saylor's $600 Million Bitcoin (BTC) Bet Lauded by Novogratz

Mục lục

U_Today

Các bài viết khác được xuất bản trên 30 thg 11, 2023

Binance, OKX, Bitfinex Are the Top 3 CEXs by Digital Assets Held

IOTA accelerates Middle East expansion with $100M foundation launch

DeFi Transformation: Talos, Uniswap Labs, and Fireblocks Partnership

Fasset Granted Operating License in Dubai!

Bitcoin Alert: $137 Million Moved By Long-Sleeping Whale, Market Braces For Impact

Water Scarcity is a Big Challenge Overlooked by Bitcoin Miners

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!