Galaxy Digital CEO: Bitcoin driven by macro uncertainty, adoption trends

Galaxy Digital CEO Mike Novogratz said in a recent CNBC interview that Bitcoin (BTC) tends to perform well during periods of macroeconomic uncertainty, as long as overall risk appetite doesn’t vanish entirely, according to CoinDesk. He pointed to two key drivers behind BTC's momentum: a macro narrative, with capital recently moving out of the U.S. dollar into safer assets, and an adoption narrative tied to growing mainstream acceptance. Novogratz also suggested that Bitcoin and gold serve as reflections of fiscal health.