In a recent interview, Michael Novogratz, CEO of Galaxy, predicted a significant boost for Bitcoin (CRYPTO: BTC) with the advent of options trading on ETFs. This forecast comes amidst ongoing discussions about the Federal Reserve’s interest rate decisions and their potential impact on Bitcoin prices.
What Happened: Novogratz, speaking to CNBC on Tuesday, emphasized that the next catalyst for Bitcoin will be the introduction of options trading on ETFs. He noted that while the market had expected a quicker rollout, the process has been slower than anticipated. However, he remains optimistic that the introduction of these options will be transformative for Bitcoin.
“The next big jolt to bitcoin is going to be when we have options that trade on the ETFs. The SEC said they are coming. I don’t know if it’s in three …
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