Galaxy Digital CEO Mike Novogratz believes President Donald Trump‘s proposal to allow crypto assets in 401(k) retirement plans could act as a catalyst for massive inflows into the market, especially into Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).
What Happened: In a CNBC Squawk Box interview on Thursday, Novogratz confirmed that crypto is in a clear bull market, driven by increasing mainstream access. “Enjoy it while it lasts,” he said, noting that bull markets are inherently cyclical.
Trump’s idea to permit crypto exposure in 401(k)s could “open the floodgates” for a “monster pool of …