Mike Novogratz: The Era of 'Quick Money' in Cryptocurrency is Over
Galaxy Digital CEO Mike Novogratz believes that the crypto market is maturing, and the extraordinary returns of the past few years may not be repeated. The retail-driven speculative frenzy is gradually being replaced by the prudent strategies of institutional investors.
Core insights from industry leaders:
🔹 Transition from speculation to tokenization. Novogratz expects the market focus to shift towards RWA (Real World Asset tokenization). Crypto infrastructure will become the foundation of global banking and financial services, offering lower yields but greater stability.
🔹 Evolution of holder structure. Lightspark CEO David Marcus points out that Bitcoin is moving from 'faith holders' to traditional financial institutions. The entry of BTC is now deeply embedded in the global financial system.
🔹 Market dynamics have changed. The liquidations and conservative capital inflow in October have altered the rules of the game. However, for those viewing Bitcoin as a hedge against macro risks, the long-term outlook remains positive.
Summary: The market is becoming more predictable and regulated. The era of 'skyrocketing out of nowhere' is being replaced by a new age of underlying technology application and institutional acceptance.
What is your view on this change: Is institutional entry a savior for prices or the end of the crypto spirit? Feel free to discuss in the comments! 👇
#比特币 #Novogratz #RWA #加密新闻 #GalaxyDigital
