Galaxy Digital Goes Public: A New Era for Crypto and AI
galaxy Digital, lead by Michael novogratz, has taken a big step by listing on Nasdaq with the ticker GLXY. This move marks a significant moment for the crypto industry. Novogratz explained in a CNBC interview that they initially aimed to be the ‘Goldman Sachs of crypto.’ Now, their vision is becoming reality as more investors join the fold.
Galaxy is not just sticking to crypto. they’ve expanded into the AI data center business.Novogratz sees this as a double play in two booming areas: AI and crypto. He shared that Galaxy has a major lease with CoreWeave at the Helios site in Texas, valued at around $14 billion over 15 years. this move positions Galaxy as both a data center and a crypto company.
On the policy side, Novogratz had strong views. He described the Biden governanceS stance on crypto as tough, calling it ‘un-American.’ However, he sees the current political surroundings as favorable for crypto. Efforts by Senators warner and gallego to push bipartisan legislation are praised. Novogratz believes this will stabilize the crypto landscape.
Looking to the future, Novogratz is optimistic about Bitcoin (BTC). He predicts it will surpass $107 and $108, aiming for the $131 to $150 range. He envisions crypto becoming as valuable as gold one day. Novogratz’s insights show that crypto is on an exciting journey, with AI and favorable policies fueling its rise.
