đźGalaxy Digital CEO Mike Novogratz predicts a snooze fest for Bitcoin's price until a new market narrative emerges.
đHe reckons BTC will bob between $55k-$75k until the next big market event.
đĄNovogratz believes Bitcoin always needs a story. It's either the macro or adoption.
đŠHe sees the Fed and regulators as key players. Until macroeconomic data shifts and inflation cools down, Bitcoin's on pause.
đQ1's 50% BTC surge was fueled by the launch of Bitcoin spot ETFs. But Q2 saw net outflows.
đłïžNovogratz doesn't expect regulatory clarity for crypto until after the U.S. federal election this fall.
đ„Crypto remains a partisan issue in the U.S., with Dems favoring stricter industry regulations and Reps pushing for a more welcoming approach.
đŁïžWhat do you think will be the next big narrative for Bitcoin? Share your thoughts below! #Bitcoin #CryptoNews #MarketPredictions