US Government to Hold Bitcoin on Its Balance Sheet in 6 Months : Predicts Mike Novogratz

Bitcoin’s price has remained flat week over week, hovering around $97,650 after peaking at $109,000. This comes after two weekends of high volatility, with traders pausing to reassess their positions following a significant liquidation event. Jake O. from Wintermute OTC noted that the slowdown reflects tighter trading ranges and a lack of fresh crypto-specific narratives. With rising rumors of Bitcoin’s addition in the US balance sheet to many crypto firms going public the market is waiting for many events this year. Let’s see what the analysts think about these rising claims. 

Mike Novogratz, founder and CEO of Galaxy Digital, said at the Ondo Summit that with the new leadership of the SEC in place, a large number of cryptocurrency companies are expected to be listed on the New York Stock Exchange or Nasdaq in May or June this year.

It is also…

— LondonCryptoClub (@LDNCryptoClub) February 11, 2025

Novogratz Predicts a Wave of Crypto Listings

In the downtrend, Galaxy Digital CEO mike novogratz

mike novogratz Michael Novogratz is a businessperson and bitcoin blockchain technology, investor. He is the CEO of Galaxy Investment Partners and cryptocurrency investment firm. Initially booked to begin his Galaxy Digital resources Fund on December 15, 2017, he retired plans since he didn’t like market conditions. He stated that 20% of his net worth was in bitcoin and Ethereum. He made $250 million from cryptocurrency from 2016-to 2017. 
 
Galaxy digital holding Ltd. is among one of the few cryptocurrency companies needed to publish financial results. In the initial nine months of 2018, the organization lost $136 million in digital currency exchange. In 2017, it contributed $80 million in funding to the technology company Bitfury. 
 
In September 2017, he was listed at # 317 on the Forbes 400 with a net worth of $1.5 billion. He was ranked 962 on the march 2008 Forbes list of world billionaires with a net worth of $102 billion. The same year he became a member of Kappa  Beta Phi, a wall street secret society made up of wealthy financial executives. 
 
He will probably stay occupied with bringing awareness about crypto and blockchain as well as working with worldwide controllers to drive crypto reception among the majority. He said that his New Year’s goal for 2022 is to „clear up for the ever-evolving administration in Congress that crypto is moderate.“ InvestorChief Executive OfficerBoard Member

shared some interesting perspectives at the recent Ondo Summit. He predicted that by May or June, several companies could go public, thanks to a new SEC environment. Galaxy Digital itself has been waiting 4.5 years to list, highlighting the potential wave of crypto-related companies hitting the New York Stock Exchange or Nasdaq soon. 

This year is different, under Trump’s leadership, the US economy and low borrowing rates are creating a bullish path for public listings. Last month, NYSE’s VP of listings, Chris Taylor, predicted a boom in IPOs, citing increased interest from cryptocurrency enterprises. Taylor expressed hope for regulatory improvements under new SEC leadership could further streamline the IPO process for innovative blockchain businesses.

High-Profile Crypto Gatherings Signal Bullish Sentiment

Moving on, Novogratz also predicted that Bitcoin could appear on the U.S. government’s balance sheet within six months, cementing its role as a store of value. He even mentioned having lunch with the head of one of the largest sovereign wealth funds, who was ready to invest $500 million into Bitcoin post-election, signaling growing institutional interest.

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Addressing the Crypto Bubble Debate

Pantera Capital founder dan morehead

dan morehead Dan Morehead established Pantera Capital in 2003 as a worldwide full-scale hedge investment after 10 years, in 2013, the firm went through an absolute rebranding as it started putting resources into blockchain and digital currency. Today, Pantera Capital is one of the most conspicuous blockchain trading companies in the United States and one of the biggest institutional proprietors of advanced resources. As well as offering a few crypto-centered reserves, Pantera’s Venture Investments division has put resources into more than 50 blockchain organizations, including Bitstamp, Ripple,  Bakkt, Xapo, BitGo, and ShapeShift.He has over 25 years of involvement as a mutual funds supervisor and monetary counselor. Before launching his organization, he stood firm in different administration and leadership positions with Bankers Trust, Deutsche Bank, and Goldman Sachs. He graduated magna cum laude in structural design from Princeton University in 1987.
Details: Organization: Pantera Capital
Location: United States
Education: B.S.E., in Civil Engineering from Princeton University 
Skills: Hedge Funds and Fixed Income Experience: Founder, Managing Partner at Pantera Capital from 2003 – Present
Board Member at BitPesa from Feb 2015 – Present 
Chairman at Bitstamp from 2014 – 2018
Co-founder & Chief Executive Officer at Atriax from 2000 – 2002
Chief Financial Officer & Head of Macro Trading at Tiger Management from 1996 – 2000 EntrepreneurConsultantChief Executive OfficerBoard MemberChairman

also spoke at the panel, addressing concerns about a potential crypto bubble. He argued that it’s premature to call it a bubble when institutional holdings in blockchain remain minimal. Morehead pointed out that if even a small portion of the $500 trillion in global assets moves into crypto, the market could see substantial growth. He expects this shift to begin this year, based on recent discussions with institutions warming up to crypto investments.

Novogratz acknowledged the possibility of Bitcoin dipping to $80,000 but sees this as a buying opportunity rather than a sign of weakness. According to him, such fluctuations do not undermine the long-term potential of crypto space.