Bloomberg Talks Galaxy Digital Founder & CEO Mike Novogratz Talks Cryptocurrency, Bitcoin
Feb 3, 2026
Mike Novogratz, founder and CEO of Galaxy Digital and longtime crypto commentator. He discusses Bitcoin’s recent tumble and where it might find a new range. He outlines catalysts that could revive markets, explains Galaxy’s pivot toward data centers and tokenized real-world assets, and weighs regulatory battles over stablecoin yields and prediction-market oversight.
AI Snips
Chapters
Transcript
Episode notes
Bitcoin May Have A New Range
- Bitcoin's recent drop suggests a new trading range roughly between $70k and $100k.
- Mike Novogratz believes current prices near $76k are toward the bottom of that range.
Sell-Off Driven By Profit Taking
- The crypto market's sell-off reflected profit-taking after a prolonged rally past $100k.
- Novogratz says selling pressure set prices on the margin despite institutional buying.
Watch Policy And Fed Messaging
- A market-structure bill and a dovish perception of Kevin Warsh could catalyze market recovery.
- Novogratz advises watching policy progress and Fed messaging as key market drivers.