November 14, 2024
“This Just Triggered the Biggest BTC Bull Run in History” – Mike Novogratz
 #Finance

“This Just Triggered the Biggest BTC Bull Run in History” – Mike Novogratz #Finance


listen it was a great night for the Crypto industry right and if you listen to your last guest Donald Trump that keeps his promises if you go back to the speech he made at Nashville to

the Crypto Community uh his agenda is very Pro Crypto JD Vance is pro

href="https://cashnews.co/crypto" style="font-weight: bold; color: #1a73e8; text-decoration: none;">Crypto Peter teal Howard lutnick uh Kennedy he surrounded himself by people that believe in the industry care about the industry I mean the

style="font-weight: bold; color: #1a73e8; text-decoration: none;">Crypto Community showed up right there are now over 240 congressmen who you know the Crypto P thought were Pro

href="https://cashnews.co/crypto" style="font-weight: bold; color: #1a73e8; text-decoration: none;">Crypto and so we’ve got a Congress that is is moving our way we’ve got a president that’s moving our way and so uh for Galaxy for the

style="font-weight: bold; color: #1a73e8; text-decoration: none;">Crypto industry it couldn’t be more optimistic Galaxy digital CEO Mike novogratz is celebrating the outcome of the just concluded presidential elections in the US which would see president-elect Donald Trump assume office

as the 47th president of the United States in January novag gr’s positive sentiment about the outcome of the election is shared by many members of the Cryptocurrency community which is

currently celebrating America’s first pro Crypto president prominent Personalities in the space including Ark invest founder and CEO Kathy Wood have expressed optimism that the US

economy will experience more rapid growth and development under Trump Kathy in particular believes that a trump presidency will encourage the rapid development of disruptive Technologies like blockchain artificial intelligence energy storage and Robotics she compares the coming technological

Revolution to the Industrial Revolution predicting that this will be even more lucrative and disruptive in his latest interview with CNBC novag grat says he sees a lot of good days ahead for the none;">Cryptocurrency and digital Assets space under a trump presidency to begin with he is predicting an immediate shakeup in Regulatory Agencies like the US Securities and Exchange Commission which would allow for new Pro

style="font-weight: bold; color: #1a73e8; text-decoration: none;">Crypto Executives and end the tyrannical rule of old dogs like Gary Gensler with this novog grat sees the Crypto industry

finally getting some suitable regulations that will Aid the growth and development of the industry in and out of the United States as we bring you clips from novog gr’s interview please take a little time to like this CashNews.co subscribe to the channel and turn on post notifications for

more CashNews.cos like this everything you do helps with the YouTube algorithm and immensely contributes to the Channel’s growth thanks and enjoy the CashNews.co I think the biggest thing is the the OCC the FDIC the SEC the regulatory chairs getting direction from a president and a Secretary

of Treasury that says hey we want to lead in this industry uh those three positions with someone who’s open-minded to Crypto and who’s Pro

href="https://cashnews.co/crypto" style="font-weight: bold; color: #1a73e8; text-decoration: none;">Crypto changes everything allowing State Street and Bank of New York to custody Crypto

allowing the banks to hold it on their Balance Sheet will bring in billions hundreds of billions of participants into our ecosystem and all of a sudden we’ll start seeing decentralized systems launched and work uh and so this is really a step change uh shift now it’s

not going to happen overnight right you don’t get a new SEC chair in a week uh but over the next one two three six months as these you know new people are put in these positions I think you’re going to see a uh a substantial you know shift in the energy of this industry who do you think

uh would be the right person to run the SEC under uh a second Trump Administration you know listen Hester Pierce has been there and you know they call her cryp Crypto mom uh I know she

she’s probably throwing her name in the her name in the the Hat um the You Know Chief legal officer at at at Robin Hood has has been thrown in uh I’m not sure the exact person matters as long as they’re very open-minded to this industry um you know and I think there’s

there’s no way Trump’s not gonna pick someone who I mean listen he’s launched his own coin uh and so you know his family is engaged he’s engaged and so I just think it’s hard to kind of you got to wake up and slap yourself in the face we have gone four years of a very

very difficult regulatory environment and that’s all about the change right if you were uh if you were investing more broadly outside of the Crypto space uh where you think the winners

and losers are yeah listen I think in the short run right Emerging Market currencies China is are getting hit you’re seeing it today I’d probably be a buyer of Chinese stocks on any dip because I think the Chinese are going to respond with a big stimulus package um I like the

Yield curve getting steeper uh you know there’s one you know I guess uh wild hair out there right Elon Musk was really the only person on either side during the campaign that talked about America going bankrupt that talked about this giant deficit that we have that we need to

do something about if that’s the case if they actually take him seriously and do something and you best it alluded to it uh that would change things right that would change things in Yield curve it would change things in gold and silver I I don’t think it will happen I

don’t think Donald Trump has it in him after having just got this mandate to say oh I’ve got a my belt I just don’t see it I I don’t see us you know Med uh Social Security and Medicare really are the two things you’d have to go and attack really unpopular politically

listen it will be interesting but you know you’ve got it let’s let’s see what this the the house comes at you know I think the Republicans will win the house but it’s going to be very close and so you’re not going to have a giant majority in the house you don’t

have 60 in the Senate and guess who gets to decide who gets to spend money right congress not the president and so so it’s always easy to get euphoric about oh this is all going to happen listen Social Security Medicare and Treasury financing is 57% of the budget add the

military on and you’re at like 75% and so you got 25% to play with uh it’s hard to cut a lot out right we have a 6.75 trillion dollar budget you know 25% of that like for you must have cut two trillion out of the budget you’d have to cut 100% of non-medicare uh Social Security and

and Debt Debt Service in Military and so I’m hoping he makes progress trust me you know if Harris had won the first tweet I was going to send was please hire Elon Musk to to to help on you know efficiency in the government I really think it’s an

amazingly good idea and I’m hoping he makes progress I just think it’s a lot harder than you think in one of her first statements following the election Wyoming Senator Cynthia lumus reaffirmed her commitment to pushing for a United States strategic Bitcoin Reserve potentially moving

forward if Republicans secure majority control of the senate in 2025 on November 6th Senator lumus posted on social media platform X signaling her intent to advance the plan for a Bitcoin reserve the Tweet which simply reads we are going to build a strategic Bitcoin Reserve now has over 74,000

likes on the platform further proving how exciting the entire Venture is for Americans in July Senator lumus introduced the the Bitcoin act a proposal for the US government to acquire 1 million BTC approximately 5% of the total Bitcoin Supply and hold it for at least 20 years with Republicans

projected to gain a senate majority after winning three seats in the election lumus and her colleagues might have enough support to bring this plan to fruition her bill Builds on a concept previously put forward by president-elect Donald Trump who suggested that the US government retain its seized

Bitcoin Holdings instead of selling them while addressing a crowd of pro Crypto supporters during his campaign Trump promised that under his administration the US would stop selling seized

Bitcoin on the open market and instead strategically hold the asset as an investment the president-elect also promised to fire Gary Gensler put a stop to unsuitable Crypto related regulations

and support investors right to self- custody Cryptocurrencies popular Bitcoin investor and YouTuber Anthony pompon believes many of these promises will be fulfilled as soon as Trump assumes

office next year he discusses these beliefs in a recent interview with CNBC here are some quick clips from the interview I mean new alltime high Satoshi couldn’t have written a better script having it hit a new all-time high on the night of the election and I think one of the most important

things is we have the first Bitcoin president uh president Trump ran on a campaign point that he was going to protect Bitcoin he was going to create a Bitcoin strategic reserve and I think that you saw bitcoin’s price kind of reflect uh having somebody who was so Pro Bitcoin win the White

House I I think that he’s surrounded by enough people who really understand this you know people like Bitcoin magazine CEO uh David Bailey many others who have really spent the time with him and one of the interesting things is whether he believes in Bitcoin or not is almost a mute point is

what is he going to do and if he’s going to protect it and not be abrasive that’s a win uh but if he also creates the Bitcoin strategic Reserve I think that’ll be a huge tailwind and it’ll kick off this Global Game Theory right if the United States starts to lean in and uh

welcome Bitcoin and say hey this is an asset that we want on our Balance Sheet other countries are going to have to respond and the interesting thing about Bitcoin is that it’s been a Bottoms Up adoption story individuals adopted at first now we see corporations and financial

institutions but the central banks are some of the biggest buyers of gold gold is up huge and so if central banks start to buy Bitcoin and put it in their reserves that would be a massive Tailwind for Bitcoin I think people expect whenever a new president comes in they’re going to you know

kind of play musical chairs with all the regulatory organizations what I I do think we are on the precipice of of is a kind of an economic explosion right we have somebody who’s coming in who obviously is very business friendly uh he’s surrounded by people who are very business-friendly

um they have some radical ideas in a positive way in terms of what they can do to cut Taxes Drive GDP growth uh use the country’s Balance Sheet to try to close the deficit Gap and so I don’t expect them to be able to do everything that they’re

saying that they can do right when you’re on the campaign Trail you say a lot of stuff but if they can accomplish 50% of it so% like which are the ones that you think are most important and maybe most likely to to get put through well I think actually if you look at what the American people

did last night they basically issued a mandate they said we want lower Inflation we want affordable housing we want a secure border we want a government that doesn’t go and engage in more war and we want to feel like we are safe secure and strong at home and so if you are the

President coming in and you can say how do I get Inflation Down and Under Control if you look at home affordability start to deregulate and allow people to build more housing in this country I think there’s a difference between skyrocketing Inflation and

currency debasement right and and the currency debasement is why Bitcoin goes up Inflation is usually uh happens alongside is it’s it’s not in the sense that um you can have the currency continue to debase and lose purchasing power without having that

Inflation number Spike to 9% right and I think that that’s what we really saw here was we saw Inflation Spike over 9% uh during the Biden Administration Bitcoin BTC reached a high of $ 76,5 on bit stamp short after 300 p.m. EDT on Wednesday before settling at

$ 75,200 p.m. this marked a robust daily increase of over 9% against the US dollar climbing from an earlier low of $73,500 bitcoin’s market Capitalization currently stands at 1.49 trillion Accounting for more than 59% of the $ 2.52 trillion total

href="https://cashnews.co/crypto" style="font-weight: bold; color: #1a73e8; text-decoration: none;">Crypto Market Market on a broader scale BTC has shown a 4.4% gain over the past week and an impressive 21.6% increase over the last 30 days several prominent Personalities in the

href="https://cashnews.co/crypto" style="font-weight: bold; color: #1a73e8; text-decoration: none;">Crypto space have expressed beliefs that this is the much anticipated rally that would Propel Bitcoin above $100,000 per coin and kickoff altcoin season do you agree with this assertion please

share your thoughts comments and observations in the coms comment section below also ensure you like this CashNews.co subscribe to the channel and turn on post notifications for more CashNews.cos like this everything you do helps with the YouTube algorithm and immensely contributes to the

Channel’s growth thanks for watching

Now that you’re fully informed, don’t miss this essential video on “This Just Triggered the Biggest BTC Bull Run in History” – Mike Novogratz.
With over 13496 views, this video deepens your understanding of Finance.

CashNews, your go-to portal for financial news and insights.

20 thoughts on ““This Just Triggered the Biggest BTC Bull Run in History” – Mike Novogratz #Finance

  1. Thank you for the insights! Got a 10% profit in just one week from your last tip, OMG!!! Im looking into XAI97K, ETH, and SOL. What’s your advice? XAI97K seems to have potential, but your opinion matters.

Leave a Reply

Your email address will not be published. Required fields are marked *