Institutional Investors Anticipating Crypto Market Entry Post-US Elections in November

IconCryptoNewsTerminal Staff31 Jul, 2024

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Institutional Investors Anticipating Crypto Market Entry Post-US Elections in November

According to Mike Novogratz, CEO of crypto financial services firm Galaxy Digital, institutional investors are expected to enter the crypto market after the U.S. election in November. In a podcast appearance on Bankless, Novogratz explained that a softer stance on crypto regulation is anticipated post-election, reducing regulatory hostility. While competition within the crypto industry could intensify, Novogratz welcomes the potential entry of large players, citing increased energy for the space. ```