BlackRock, Worldcoin, Ripple: Bitcoin bull Mike Novogratz dishes on crypto

economictimes.indiatimes.com:

Bitcoin roars back after a year of crypto industry scandals and losses, Mike Novogratz says one man in particular gives him reason to stay bullish. “The most important thing that happened this year in Bitcoin is Larry Fink,” Novogratz said, referring to the investment titan who is chief executive officer at BlackRock Inc., the world’s biggest asset manager. BlackRock thrilled the crypto community in June when it applied to launch an exchange-traded fund to track the spot price of Bitcoin — a move that, if approved, could potentially spark a new wave of investment in the cryptocurrency. But it was Fink’s seeming conversion from crypto skeptic to Bitcoin believer — he now considers it an “international asset” — that really has Novogratz excited. “He got ‘orange-pilled,’ as we say. Orange pill is when you take a nonbeliever and you make them a believer in Bitcoin,” Novogratz, CEO of Galaxy Digital Holdings, told David Rubenstein in an interview this week for an upcoming episode of Bloomberg Wealth. “Larry was a nonbeliever. Now he says, ‘Hey, this is going to be a global currency.’ People around the world all trust it.”

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BlackRock’s ETF push and Fink’s evolving attitude are part of an “adoption cycle” that Novogratz said may help the coin top its all-time high of nearly $69,000 reached in 2021 — especially when it’s accompanied by an eventual Federal Reserve pivot toward cutting rates. This week, Bitcoin