🧐 CEO Galaxy Digital: The Fed may inject trillions of $$$ liquidity into the banking system.

Key points from the podcast:

▪ BTC and the $100k level.
➠ The $100k price was a psychological peak and now acts as resistance.
➠ Many bought above this level, and as it rises, they will start to break even, so Bitcoin won't break $100k on the first try.
➠ A return above $100k is possible within a 6-week to 6-month horizon.

▪ The Fed, liquidity, and macro environment.
➠ Novogratz expects a more "dovish" Fed monetary policy and a rate cut to around 2.5%.
➠ The main driver for BTC is not narratives but liquidity.
➠ Money printing and hidden liquidity injections haven't disappeared.
➠ The Fed could add trillions of $$$ in liquidity to the banking system.

▪ October 10 crash and market condition.
➠ The crash wiped out 20-30% of market makers.
➠ Institutional volumes decreased by about 30%.
➠ The result is likely sideways movement and a "boring" market until a bottom forms.

▪ Sales from OG.
➠ Major distribution from early holders has mostly already occurred.
➠ Some whales are locking in profits forever, others are trading and may re-enter.
➠ In the $80-85k zone, Novogratz does not expect panic selling from long-term holders.

▪ Altcoins.
➠ "Altcoins suck; they were originally designed that way."
➠ Due to regulatory fears, tokens were not given economic value.
➠ Community tokens without utility = weak price.
➠ Models where the token participates in the economy will survive, e.g., Hyperliquid(.

▪ AI bubble.
➠ The AI bubble could become the largest in history.
➠ But the bubble may inflate longer than skeptics expect.
➠ The main risk to markets is not the economy but political backlash due to rising inequality.

▪ The main rule for investors – "don't die."
➠ To avoid losing everything, it's important not to risk all capital on a single idea.
➠ Don't average down endlessly in a falling market and take profits as it rises, rather than waiting for the "perfect" top.
➠ It's more important to survive the cycle than to guess the peak.