Galaxy

Bitcoin

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In a spirited exchange on CNBC, Galaxy Digital's CEO Michael Novogratz <a href="https://www.youtube.com/watch?v=421Q4ZOIVZQ&amp;ab_channel=CNBCTelevision" rel="noopener noreferrer nofollow">didn't hold back</a> in addressing JPMorgan CEO Jamie Dimon's persistent skepticism about Bitcoin.&nbsp;
As <a href="https://u.today/jpmorgan-ceo-supports-crypto-ban" rel="noopener noreferrer nofollow">reported by U.Today</a>, Dimon has suggested a governmental crackdown on cryptocurrencies, citing its crime-related use cases. &nbsp;
In the meantime, &nbsp;Bitcoin's market performance tells a different story with a staggering 150% surge this year. It recently hit the $44,000 mark.
<h2 id="he-keeps-doubling-down">"He keeps doubling down" &nbsp;</h2>
Dimon is one of the most consistent critics of <a href="https://u.today/bitcoin-btc-gets-new-core-release-details" rel="noopener noreferrer nofollow">Bitcoin</a> who is yet to warm up to the novel asset class despite the fact that a lot of his clients have dipped their toes into the market. &nbsp;&nbsp;
"He keeps doubling down. And he keeps being wrong," Novogratz said of Dimon's Bitcoin stance.
The Galaxy CEO pointed to the irony of Dimon's position given the pro-Bitcoin sentiment among JPMorgan's own heavyweight clients.&nbsp;
"What surprises me is so many of Jamie's clients, the wealthiest guys in America, believe in Bitcoin," Novogratz added, questioning Dimon's dismissive attitude towards the digital asset.&nbsp;
"I don't know where Jamie gets off thinking he's smarter than all those guys," he quipped.&nbsp;
<h2 id="institutions-are-buying-bitcoin">Institutions are buying Bitcoin&nbsp;</h2>
Despite Dimon's bearish view, Bitcoin is gaining traction among financial heavyweights. Novogratz stressed the shift, noting, "We see it in institutions buying."&nbsp;
He shared his bullish outlook for Bitcoin's regulatory future, predicting an imminent SEC nod for a Bitcoin ETF. "All our indications is that is going to happen," Novogratz emphasized.&nbsp;
The crypto mogual has pointed to a diversifying investor base and a strong appetite for crypto exposure among U.S. retail equity investors.

Bitcoin Bull Mike Novogratz Attacks Jamie Dimon

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