Tags: Mike Novogratz

Despite Galaxy Digital CEO Michael Novogratz does not believe that meme coins are a passing trend.

Bitcoin will likely chop between $55,000 and $75,000 until the market gets a “new narrative,” Galaxy’s CEO believes.

Galaxy Digital’s assets under management (AUM) surged to $10.1 billion by the end of February this year.

Mike Novogratz suggested a Bitcoin correction might drop it to the mid-$50,000s before a new surge to a record high.

Experts suggest that Bitcoin may see a retraction before hitting a new peak.