Novogratz | Crypto

Galaxy Digital’s Mike Novogratz reportedly told a court the SEC made it “very difficult” to complete a planned 2021 merger with BitGo. Galaxy Digital founder Mike Novogratz appeared in court on Tuesday to face off against BitGo CEO Mike Belshe in a long-running legal fight over a failed proposed $1.2 billion merger in 2021. The planned deal was the largest-ever crypto merger at the time, set to create a massive conglomerate offering a suite of services at a time when investor interest in crypto was high. Galaxy called off the deal in August 2022 as the crypto market was reeling from the collapse of the Terra ecosystem. BitGo has asked Galaxy to pay a $100 million fee for pulling out of the deal and also hid it was being probed by US authorities, while Galaxy has claimed BitGo failed to provide financial information on time. Read more

Galaxy Digital CEO Mike Novogratz believes Bitcoin could stage a sharp rally if the next US Federal Reserve chair turns out to be a monetary dove. The post Novogratz: Dovish Fed Chair Nominee Could Trigger Major Bitcoin Rally appeared first on Cryptonews.

Mike Novogratz said “of course” Bitcoin could reach $200,000 if the Federal Reserve adopts a highly dovish stance following a leadership change. Galaxy Digital CEO Mike Novogratz said Bitcoin’s price could see a significant rally if the next US Federal Reserve chair nominee to replace Jerome Powell is exceptionally dovish. “That’s the potential biggest bull catalyst for Bitcoin and the rest of crypto,” Novogratz said in an interview with Kyle Chasse published to YouTube on Friday. “Fed’s cutting when they shouldn’t be, and you put in a massive dove,” Novogratz said, adding that may lead to “your blow-off top” moment for Bitcoin (BTC). Read more

Galaxy Digital CEO Mike Novogratz predicted that AI agents will soon be the biggest users of stablecoins, driving an explosion in stablecoin transactions. Galaxy Digital CEO Mike Novogratz said that AI agents will soon become the top users of stablecoins. During an interview with Bloomberg published on Wednesday, Novogratz said that “in the not-so-distant future, the biggest user of stablecoins is going to be AI.” He said he expects users will be able to ask an AI to buy their groceries, and have it independently engage in the necessary transactions: AI agents are autonomous software programs that can perceive their environment, make decisions, and take actions to achieve goals without constant human intervention. The primary feature that distinguishes these systems from most current AI systems is their higher degree of independence. Read more

When Bitcoin skeptic Peter Schiff started yet another rant about Bitcoin today, it was too much for Galaxy CEO Mike Novogratz. As a salty Schiff began calling Bitcoin’s capped supply “meaningless” and “arbitrary,” Novogratz fired back: “Why do you hate $BTC so much? You have been wrong on it for a decade. A flexible mind […] The post Novogratz calls out Schiff’s decade-long Bitcoin blunders appeared first on CryptoSlate.