Mike Novogratz Addresses Crypto Market Slowdown, Sees Potential for Fed-Driven Recovery

Cryptocurrency market veteran Mike Novogratz recently shed light on the current sluggishness experienced by the asset class, attributing it to a period of asset rebalancing among long-term investors. This readjustment is expected to create temporary price pressure as traders seek to diversify their portfolios and adjust from the previous bull market. Novogratz’s insights align with broader investor expectations for regulatory shifts that could potentially propel a new phase of growth, despite the current market lull.