🚨 Mike Novogratz: The Crypto market is undergoing a healthy rebalancing, the cycle peak is still far away 📈



- Founder and CEO of Galaxy, Mike Novogratz, just shared insightful views on the current cryptocurrency market.

1. The crypto market has been quite sluggish lately, but this is a necessary asset rebalancing for long-term investors.

2. Diversifying away from concentrated positions, although it may suppress short-term prices, is healthy in the medium and long term.

3. The expectation of a new "more dovish" Fed chair by the end of the year may drive the next wave of growth.

4. Galaxy currently has the highest employee stock ownership rate in the industry, demonstrating a strong commitment to the future of crypto and data centers.

- Market sentiment may slow down, but the foundation for the next growth is being strengthened.

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