Mike Novogratz, the big boss of crypto firm Galaxy Digital, is super excited about the future of crypto after the recent US election. He thinks the new president, Donald Trump, is going to be great for the crypto world.
Trump’s Team is Pro-Crypto
Novogratz says that Trump is pro-crypto and that he’s surrounded by people who will help the industry grow. He believes that this will lead to a big shift in how the government regulates crypto.
Expect Big Changes in Regulation
Novogratz thinks the biggest change will be in how the US government agencies like the SEC and FDIC handle crypto. He thinks they will be more open to crypto and that this will allow big banks to get involved.
Big Banks Joining the Party
With banks getting involved, Novogratz expects a flood of new money and users to join the crypto world. This, he says, will be a huge step forward for the industry.
Changes Coming Soon
Novogratz expects these changes to happen within the next six months as new people take over the government agencies. He’s optimistic that the future of crypto is bright.
