According to BlockBeats, Mike Novogratz, the CEO of Galaxy Digital, has predicted that the United States will see favorable cryptocurrency regulation, irrespective of who wins the 2024 presidential election. Novogratz emphasized that cryptocurrency should be a bipartisan issue, and it should not be supported by one party and opposed by another.
Despite opposition from some lawmakers, particularly Senator Elizabeth Warren, the majority of American politicians are inclined to support innovation in the crypto industry. Novogratz pointed out that despite the lack of transparency in regulation, it is clearly shifting towards a more favorable stance. Apart from a few, most Democrats support innovation and cryptocurrency.
No matter who wins the next election, positive cryptocurrency legislation is inevitable. Furthermore, Novogratz stated that the trading price of Bitcoin will be between $55,000 and $73,000 until more market-impacting news emerges. He added that growth 'takes time' and highlighted Bitcoin's impressive rise to a historic high this year.