Wishes granted? If the sad bear market of thecrypto winter of 2022 seems behind us, the crypto-asset market is still very far away from its former highs of 2021. The bitcoin (BTC) price, for example, is stuck around $30,000, when its ATH (high) was near $69,000. The Billionaire Mike Novogratz waits for him 4 of his wishes come true before shouting to the next bull run (bull market) of bitcoin and cryptos.
Will the genie of Satoshi’s lamp make these 4 wishes for Bitcoin come true?
Since Satoshi Nakamoto launched the blockchain network of Bitcoin on January 3, 2009, the valuation of BTC has continued to grow exponentially. This revolutionary monetary unit has thus already experienced at least 3 major bull markets since its first broadcast. The last of which peaked in November 2021.
For a 4th Bitcoin bull run to start, billionaire Mike Novogratz believes that 4 planets must align. Indeed, in a recent tweet, the CEO of Galaxy Digital said that 8 weeks ago he “prayed” to see it happen 4 events accurate. This, in order to review very significant price increases in the crypto market.
- 1) The US Federal Reserve (the Fed) must make a break in the rise of its key rates ;
- 2) Ripple must win his case against the Securities and Exchange Commission (DRY);
- 3) A cash exchange-traded fund (or “ Spot ETFs ”) of Bitcoin must be accepted by the SEC;
- 4) Binance and his boss Changpeng “CZ” Zhao must conclude an agreement with US federal authorities, so that the crypto exchange giant can continue its activities more serenely.
>> If earning 1 bitcoin does not interest you, do not click on this link (commercial link) <<
Two wishes already granted and…
Back to today’s time, you will therefore have understood that already two billionaire’s prayers came materialized. Indeed, an early judgment stated – much to the dismay of the SEC – that Ripple’s XRP is not a security (security) when it is traded on crypto exchanges.
Similarly, in the meantime, the Fed decided last June to finally put on break the very sharp rise in key rates of the central bank. This, even if she threatens to raise them another time or two before a final break.
… another on the right track: Mike Novogratz is over the moon
As for the Bitcoin spot ETF, well! with the arrival of (super) heavyweight BlackRock in this race (as well as those of other Wall Street giants), the SEC may no longer be able to refuse this long-awaited BTC ETF. Unexpected successes or at least faster than expected by Mike Novogratz, due to his expressed joy:
“(…) I did not expect so much progress on at least three of my four wishes.
The Fed will increase [peut-être] his rates once more, but will take a break afterwards. Ripple win should push [Joe] Biden [et le président de la SEC Garry] Gensler to sit down at the table with Republicans to push legislation forward. And for the ETF [spot de Bitcoin]the question is “when” [il sera approuvé], not “if”. I don’t have an idea about Binance yet, but I keep praying. »
Indeed, we must pray hard. Because his wish for a agreement between Binance and fierce US regulators still seems far from won. In any case, this does not prevent the CZ exchange platform from continuing to develop and expand its offer, such as its recent Bitcoin Lightning Network integration. Will we have to wait until 2024 to see all of Mike Novogratz’s wishes come true? In any case, they still seem on the right track.
Close your eyes and make a wish! Do you dream of adding 1 round bitcoin to your wallet? Register now on Binance and click on the button to try to win 1 BTC (commercial link)