Novogratz emphasized that Bitcoin’s biggest challenge is governance issues rather than the threat posed by quantum computing, which he considers exaggerated.
He linked the current market decline to the token distribution by long-term holders and projected that while further downturns are possible, the market is nearing a cyclical bottom.
Novogratz noted that potential US crypto regulations could drive new market interest, reinforcing Bitcoin’s status as a macro asset for retail and institutional investors.
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