The price of Bitcoin has stayed relatively flat in recent weeks, hovering around $97,650. This follows a period of high volatility and a significant liquidation event which caused traders to reassess their positions. The lack of fresh crypto-specific narratives and tighter trading ranges have contributed to the slowdown in Bitcoin's price movement. However, there are rumors of Bitcoin being added to the US balance sheet and many crypto companies going public, which has generated anticipation in the market.

Michael Novogratz, CEO of Galaxy Investment Partners, has revealed that 20% of his net worth is in Bitcoin and Ethereum. His company, Galaxy Digital, has experienced significant losses in digital currency exchange. Novogratz believes that the current SEC environment could lead to several crypto-related companies going public in the near future. He also predicts that Bitcoin could appear on the US government's balance sheet within six months, indicating growing institutional interest.

Dan Morehead, founder of Pantera Capital, spoke about a potential crypto bubble and argued that institutional holdings in blockchain are still minimal. He believes that if even a small portion of the $500 trillion in global assets moves into crypto, the market could experience significant growth. Morehead expects this shift to begin this year as institutions warm up to crypto investments. Novogratz shares a similar sentiment and sees price fluctuations as buying opportunities rather than weaknesses.



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