Galaxy Digital CEO Mike Novogratz attributes the Bitcoin price plummet below $74,000 to a "seller's virus" triggered by profit-taking, rather than concerns about quantum computing. He pointed out that despite institutional inflows, there are more OTC sellers than buyers and believes the market is close to the bottom. Novogratz thinks the potential passage of the U.S. Market Structure Act will be a positive catalyst.
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Galaxy Digital CEO Mike Novogratz attributes the Bitcoin price plummet below $74,000 to a "seller's virus" triggered by profit-taking, rather than concerns about quantum computing. He pointed out that despite institutional inflows, there are more OTC sellers than buyers and believes the market is close to the bottom. Novogratz thinks the potential passage of the U.S. Market Structure Act will be a positive catalyst.