Galaxy Digital CEO Mike Novogratz Says Trump Administration's Bitcoin Support Drives Sovereign Wealth Funds' Interest

Mike Novogratz, CEO of Galaxy Digital, has attributed the recent rise in Bitcoin to the Trump administration's supportive stance on the cryptocurrency. Novogratz noted that this endorsement has encouraged large sovereign wealth funds to increase their Bitcoin holdings, with some leaders stating that if the United States is buying Bitcoin, they will follow suit. This development reflects growing institutional interest in Bitcoin, driven in part by the U.S. government's approach under the Trump administration.

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