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Galaxy Digital CEO: Peak Reached in Trend of Using Cryptocurrency as Reserves

Summary: According to Cointelegraph, Galaxy Digital CEO Mike Novogratz stated that the trend of companies allocating cryptocurrency as reserves has reached its peak. He believes that future growth will come from continued investment from existing participants and long-term ecosystem integration, rather than new institutional entries. Novogratz's statement comes as July data shows institutions holding 166,000 bitcoins, ...

According to Cointelegraph, Galaxy Digital CEO Mike Novogratz stated that the trend of companies allocating cryptocurrency as reserves has reached its peak. He believes that future growth will come from continued investment from existing participants and long-term ecosystem integration, rather than new institutional entries. Novogratz's statement comes as July data shows institutions holding 166,000 bitcoins, with a total holding value of $42.8 billion.

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Link: Galaxy Digital CEO: Peak Reached in Trend of Using Cryptocurrency as Reserves [Copy]

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