At the recent ONDO Summit 2025, Galaxy Digital CEO Mike Novogratz discussed the positive shift in the crypto space, explaining how the industry has changed in recent years. He said that after four years of feeling “abused” and misunderstood, the mood in crypto has changed dramatically.
He explained that with a new SEC leadership and a resurgence of Bitcoin, the industry is beginning to feel like it could play a key role in both finance and consumer spaces. Novogratz also predicted that in May or June, the industry could see several companies listing on major exchanges like the New York Stock Exchange or NASDAQ.
Big Move Incoming for Bitcoin?
As for Bitcoin, Novogratz believes it has established itself as a store of value and will continue to grow globally. He predicts that Bitcoin might even end up on government balance sheets within the next six months, though the process of integrating it may take time.
“Bitcoin has a store of value, it’s carved out a lane, it is becoming global. It might or might not be on the government’s balance sheet in six months. I actually think it will. I think there are people trying to figure out how to do it gracefully, and so I don’t think Bitcoin’s going away,” he said.
He then opened up about the increasing importance of stablecoins, which are becoming significant players in the financial system, with stablecoin legislation moving forward. According to the CEO, the energy around crypto has been strong, especially during the recent inauguration. Novogratz shared how crypto leaders were well-represented at high-profile events, including a ball with major figures. This shows how far crypto has come in terms of acceptance and recognition.
