Galaxy Digital The following are some of the most effective ways to increase your ROI: Mike Novogratz Has forecasted that cryptocurrencies will enjoy a positive regulatory environment in the US, regardless of which candidate wins the presidency election for 2024.
Novogratz, who spoke on the future of crypto during an interview for CNBC about its importance to both parties of Congress, stressed that bipartisanship is essential. He said:
“Crypto should be a bipartisan issue. We can’t afford to have one party supporting it and the other opposing it.”
Bipartisanship Growing
Novogratz pointed out that the majority US politicians, including Senator Elizabeth Warren and some other lawmakers, are in favor of innovation within the crypto industry.
He noted that there has been a shift in the regulatory stance towards being more positive. Novogratz stated:
“Most Democrats, apart from a small group, are pro-innovation and pro-crypto. Positive crypto legislation is inevitable, no matter who wins the next election.”
He predicted that despite regulatory uncertainty, the future of the industry would be optimistic, saying
“No matter who wins the next election, we’re going to get positive crypto legislation – I know that.”
Crypto has been a major issue in the US politics, and his comments coincide with this. increasingly important issue Many voters. Recent studies have found that cryptocurrency users tend to be more willing to vote in favor of politicians they perceive as being friendly towards the industry.
Bitcoin performance
Novogratz also addressed Bitcoin’s Recent market trends reflecting its dramatic rise after the approval of Bitcoin-ETFs. Its price soared above $73,000, reaching a new record high in March.
Bitcoin’s price will remain between $57,500 and $73,300 until new market news is released. He also added that growth will continue. “takes time” Bitcoin reached its highest level ever this year.
Novogratz is still a strong advocate of Bitcoin, especially in the face of the US Government’s increasing debts and spending.
Bitcoin’s price was around $62,000 at the time this article was written. It represents a 9% drop over the month prior, but also a 44 % increase over the year, and a 100 % rise in the last year.
Bitcoin Market Data
Press release The time is 12:47 UTC, July 3, 2024. 3, 2024, Bitcoin It is #1 in market cap, and its price is You can find out more about it by clicking here. 1.29% Over the last 24 hours. Bitcoin is valued at 1.22 trillion dollars With a daily trading volume of 20.18 Billion Dollars. Learn more about Bitcoin ›
Crypto Market Analysis
Press release The time is 12:47 UTC, July 3, 2024. 3, 2024The total market value of crypto is at $2. 3 Trillion With a volume of 24 hours. $112.1 billion. Bitcoin is the dominant currency at this time. 53.22%. Learn more about the crypto market ›
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Source: cryptoslate.com