Galaxy Digital CEO Mike Novogratz said that the passage of two key crypto bills in the United States will usher in a new wave of cryptocurrency investment that could disrupt the traditional four-year market cycle.
Novogratz said Tuesday that the GENIUS Act, which was signed into law in July to regulate stablecoins, and the CLARITY Act, which defines regulators' jurisdiction over cryptocurrencies, will lead to an influx of new investors, disrupting the traditional four-year cycle model.
"This is a big deal. With these two pieces of legislation as bookends, it will unleash tremendous new power to attract a lot of new players into the cryptocurrency space."
Many crypto investors believe that the crypto market follows a price action pattern that coincides with the bitcoin halving that occurs roughly every four years. The most recent halving took place in April 2024, so some believe the current bull market could end soon.
Galaxy Digital CEO: The passage of two key crypto bills in the United States will bring a cycle-breaking wave of investors
2025-09-24 04:00:00
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