Crypto Finally Poised to Get Institutional Money, Novogratz Says
- Custody solutions arriving soon set stage for big investors
- Early digital-currency backer says Bitcoin rally will follow
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Institutional money should start to flow into cryptocurrencies within the next year, setting the stage for a rally, according to Galaxy Digital Holdings Ltd. founder Mike Novogratz.
“All the architecture that institutions need to feel comfortable with this is being put in place,” Novogratz said in an interview on Bloomberg Television. “You’re going to start to see custody come online” through the middle of March, paving the way for the “smart money” to enter in a serious fashion.