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Crypto Stocks Trading 'Like a Mania' As Bitcoin ETF Likely By January 10
Michael E. Novogratz, the CEO of Galaxy Investment Partners, told CNBC that crypto stocks are trading “almost like a mania” ahead of the U.S. Securities and Exchange Commission (SEC)'s decision on spot bitcoin exchange-traded funds (ETFs) in January. video “[I]n some ways, I am a little nervous, because it feels so good,” Novogratz said. “There’s always a correction, but broadly we’re still in a bull market phase.” Novogratz also responded to bitcoin’s 150% spike in price, saying: “Bitcoin [is] up 150% up in the year. For all the bitcoin skeptics, [there's] a little victory lap there.” He ... (full story)