The comments from Novogratz come as bitcoin punched above the $30,000 level for the first time since June, while Ether advanced toward the $2,000 level.
Retail investors and crypto enthusiasts are the drivers behind bitcoin's recent surge to $30,000, and don't be surprised if the asset notches new highs over the next two years, according to Galaxy Digital CEO Mike Novogratz. "It's about bringing people into the tent," he told CNBC's " Squawk Box " on Tuesday. "As price goes up, every crypto owner is reaching out to his friends or colleagues and saying, 'Hey, you got to get in on this.
The comments from Novogratz come as bitcoin punched above the $30,000 level for the first time since June, while ether advanced toward the $2,000 level. Crypto assets have rallied this year as some investors bet the Federal Reserve will soon pause its hiking cycle. In 2022, the assets came under pressure amid the collapse of major crypto exchange FTX and the central bank's aggressive fight against inflation.
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