Novogratz Mocks US Government for Selling Bitcoin Ahead of ETF Approval
US Gov sells Bitcoin before ETF approval; Novogratz sees ironic timing, highlighting BlackRock & Invesco involvement as adoption signals. In an interview with Bloomberg, Mike Novogratz , the founder of Galaxy Digital Holdings, shared his insights on the crypto market, Bitcoin ’s price movement, and the potential approval of spot Bitcoin exchange-traded funds (ETFs). Novogratz made an intriguing revelation, suggesting that the US government is selling its Bitcoin holdings just before the anticipated ETF approvals, adding an unexpected twist to the market dynamics. Recall that The Crypto Basic reported yesterday that the US government moved more than 9,000 Bitcoin (BTC) to multiple addresses. Novogratz’s View on Bitcoin Price In the interview, Novogratz acknowledged the recent consolidation of Bitcoin ’s price between $28,000 and $32,000. He noted that if the price surpasses the upper limit of this range, it could trigger a significant upward movement...