Bitcoin Will Reach Its Old Highs With ETF Approval, Galaxy’s Novogratz Predicts

Michael Novogratz predicts that Bitcoin is poised to reach its former peak a year from now, as anticipation builds over the likelihood that the US Securities and Exchange Commission will approve the first American exchange-traded fund to directly hold Bitcoin. “Could we go to old highs by this time next year?” Novogratz, the founder and chief executive officer of Galaxy Digital Holdings Ltd., said during on interview on Bloomberg TV on Wednesday. “Of course.”