Deep Tide TechFlow News, on November 22, according to Business Insider, Galaxy Digital CEO Michael Novogratz recently stated that the Trump administration brought a "paradigm shift" in cryptocurrency regulation. He pointed out that almost all members of Trump's cabinet hold Bitcoin and are supporters of digital assets, and they generally support innovation, digital assets, and the development of Bitcoin.
Novogratz also mentioned that the market is currently in a price discovery phase, with limited supply. However, he warned that due to the high market leverage, there could be a maximum 20% pullback after Bitcoin breaks through $100,000, but the lower limit may be around $80,000. He believes that buying demand in the Middle East and the "unlimited demand" from the public market are driving the market higher.
