Galaxy Digital CEO Mike Novogratz predicts a favorable regulatory environment for cryptocurrencies in the US post the 2024 presidential election, emphasizing bipartisan support. Despite some opposition, most US politicians lean towards supporting crypto innovation. Novogratz anticipates positive legislation irrespective of the election winner, citing a shift towards a more favorable stance. He also discusses Bitcoin's market trends, expecting it to trade between $55,000 to $73,000. With Bitcoin currently at $62,000, Novogratz advocates for its inclusion in investment portfolios. The crypto market, valued at $2.3 trillion, sees Bitcoin dominance at 53.22%. Additionally, Galaxy has doubled its hashrate, and spot ETH ETFs may launch soon. Tether EDU and BTguru collaborate for blockchain education in Turkey. Climate activist Margot Paez praises Bitcoin as a sustainable financial system alternative. CryptoSlate's market report delves into LTHs and STHs' impact on the Bitcoin ecosystem. Read more AI-generated news on: https://app.chaingpt.org/news
Crypto Regulation Forecasted to Remain Positive Regardless of Election Outcome
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