Billionaire Mike Novogratz Unveils ‘Shackload’ of Four Crypto Holdings, Says Market Could Go ‘A Lot Further’
Billionaire Mike Novogratz is unveiling four major crypto asset holdings, saying that the market has more room to grow.
In a new interview with crypto entrepreneur Kyle Chasse on his YouTube channel, the Galaxy Digital chief executive says that the firm owns a “shackload” of Bitcoin ( BTC ), Ethereum ( ETH ), Solana ( SOL ), and Hyperliquid ( HYPE ).
“I don’t want you people to think I’m bearish because I own a shackload of crypto. We own Bitcoin. We own a lot of SOL through this… We own a lot of Hyperliquid. I own a lot of Ethereum. Those are my big four positions. But add all those up and I can retire like 15 times over.”
According to Novogratz, the markets could skyrocket if President Donald Trump gets to appoint someone who agrees with his economic views as the next Chairman of the Federal Reserve.
“What I’m thinking… very well is going to happen is we’re going to lose the independence of the Fed. Why do I think that? It’s because Trump told us he wants a dove in the Fed, he’s going to pick a dove in the Fed and if he picks a dovey enough person, there’s going to be a moment [where] gold skyrockets, Bitcoin skyrockets.”
Earlier this month, Novogratz said the next Fed Chair selection could cause a crypto “megacycle” as growth and liquidity would be prioritized over inflation.
“We are moving into a world where we’ve got central banking, independence really is a question. We’ve never had that in my 40-year career on Wall Street.
And so depending on who Trump picks as the next Fed governor, it could kick off a whole frickin’ megacycle, right? We throw the independence into the toilet, and crypto is going a lot higher, right? And so the political situation makes that prediction harder.”
Generated Image: Midjourney
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Switzerland Delays Crypto Information Exchange Pending International Coordination
- Switzerland delays crypto tax data sharing with foreign nations until 2027, citing unresolved CARF partner agreements. - The OECD's 2022 framework requires member states to exchange crypto account details, but 75 countries including the EU and UK face implementation challenges. - Transitional measures ease compliance burdens for Swiss crypto firms while awaiting finalized international data-sharing protocols. - Major economies like the U.S., China, and Saudi Arabia remain outside CARF due to non-complian
Bitcoin Updates: SGX Addresses Offshore Perp Shortfall as Bitcoin Decline Increases Demand for Hedging
- SGX launched Bitcoin and Ethereum perpetual futures, becoming a first-mover in regulated onshore crypto derivatives to meet institutional demand. - The $187B/year perp market, dominated by Asia, now gains a regulated alternative to offshore platforms with SGX's 22.5-hour trading window. - Perps enable hedging during Bitcoin's 2025 downturn, with SGX's margin-call system prioritizing investor protection over instant liquidations. - Regulatory caution limits access to accredited investors, aligning with gl
Bitcoin News Update: Institutional ETF Adjustments Challenge Key Bitcoin Support Thresholds
- Analysts warn Bitcoin faces 25% drop risk if key support levels fail amid shifting institutional ETF dynamics. - Texas's $5M IBIT purchase highlights growing government interest, but ETFs fall short of direct BTC ownership criteria. - Technical analysis shows Bitcoin trapped in a broadening wedge pattern, with breakdown below $80,000 risking $53k decline. - Institutional rebalancing sees $66M IBIT outflows vs. $171M FBTC inflows, signaling tactical ETF rotation over accumulation. - Abu Dhabi's $238M ETF
XRP News Today: IMF Cautions That Rapid Tokenized Markets Could Intensify Crashes in the Absence of Regulation
- IMF warned tokenized markets like XRP could worsen flash crashes without regulation, citing risks from decentralized systems lacking traditional safeguards. - Report acknowledged tokenization's potential to cut cross-border payment costs but highlighted volatility risks from rapid liquidity loss seen in crypto markets. - SEC's approval of crypto ETFs signals growing institutional acceptance, though regulators emphasize oversight frameworks to mitigate systemic risks. - IMF proposed a global digital marke
Trending news
MoreCrypto prices
More
