Galaxy CEO Slams Biden’s ’Un-American’ Crypto Stance—Predicts Bitcoin Rally to $150K

Wall Street’s crypto bulls aren’t mincing words. Galaxy Digital’s CEO just torched the Biden administration’s regulatory approach as ’un-American,’ while doubling down on a $150K Bitcoin price target.

Funny how politicians love innovation until it threatens their banking buddies.

Crypto and politics

On the policy front, Novogratz was candid about politics.

“The four years under Biden were really un-American when it came to crypto. It was just misery,” he said, calling the current environment “amazing for the space.”

While some Democrats criticize Trump’s ties to crypto, Novogratz praised efforts by Senators Warner and Gallego for pushing bipartisan legislation.

“We got to get this bill done, which I think happens Monday. Then there’s a market structure bill, and then crypto will go quiet in D.C.,” he said.

Looking ahead, Novogratz predicted further gains for Bitcoin (BTC).

“It looks like we’ll take out 106, 107, 108 and make the next leg to 131, 150,” he said. He added, “Crypto is a $2 trillion asset. Gold is a $22 trillion asset. One day, crypto will equal gold.”