Mike Novogratz Sees Sluggish Crypto Market, Long-Term Investors Reshuffling Assets

Crypto market veteran Mike Novogratz offers a mixed outlook for the digital asset space, describing it as ‘sluggish’ but not in decline. He argues that long-term holders are reshuffling their portfolios amidst continued bullish sentiment. While short-term price fluctuations may occur, this behavior signals maturity and prepares the market for the next stage of growth. Notably, Novogratz believes the crypto market has yet to reach its cycle peak, despite recent price adjustments and potential selling pressure.