Galaxy Digital CEO: Cryptocurrency will be favorably regulated no matter who is elected as the US president

Galaxy Digital CEO Mike Novogratz predicts that cryptocurrencies in the United States will receive favorable regulation no matter who wins the 2024 presidential election. Novogratz said: "Cryptocurrency should be a bipartisan issue. We can't have one party supporting it and the other opposing it." Despite opposition from some lawmakers, especially Senator Elizabeth Warren, most U.S. politicians tend to support innovation in the crypto industry. He noted that despite the lack of regulatory clarity, there is a clear shift toward a more favorable stance, with most Democrats, with the exception of a few, supporting innovation and cryptocurrencies. "No matter who wins the next election, positive cryptocurrency legislation is inevitable." In addition, Novogratz said that the price of Bitcoin will be between $55,000 and $73,000 before more market-moving news emerges. He added that growth "takes time" and emphasized that Bitcoin has impressively climbed to all-time highs this year. (Cryptoslate)