Billionaire Mike Novogratz (Galaxy Digital) believes that cryptocurrency is entering a strong recovery phase after hitting the bottom in April. He points out that often when gold rises first, crypto will follow, and that is happening right now.

He mentions the excitement surrounding the inauguration, the emergence of Trump coin, and expectations for the upcoming election, all of which contribute to driving the market. Novogratz assesses that Bitcoin may soon surpass resistance levels like 106K, 107K, 108K and head towards the range of 130K – 150K, entering a phase of 'price discovery'.

Finally, he compares cryptocurrency to gold, an asset worth 22 trillion USD, and believes that in the future, as the younger generation inherits wealth from the older generation, Bitcoin may achieve a status comparable to gold, although that day is still quite far off.

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https://x.com/ThuanCapital/status/1923418113053495440