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Mike Novogratz, founder and CEO of Galaxy Digital, brimmed with enthusiasm at the recent Ondo Summit, where he delivered an unexpected remark that stirred the crypto community. Novogratz predicted that Bitcoin could soon be a part of the U.S. government’s balance sheet, possibly within the next six months. He confidently stated, “I think Bitcoin will be on the government’s balance sheet in six months. There’s a lot of people trying to figure out how to do it gracefully, but it’s coming.“ He also addressed the U.S. Securities and Exchange Commission (SEC), and venting his frustration over the lengthy waiting period for crypto regulations, while offering a hopeful outlook for the future. Related: Crypto Recovery in Full Swing: $6 Billion Inflow Reverses Early February Selloff “We’ve been waiting for four and a half years,” Novogratz said, referring to the drawn-out regulatory process. “But with the new SEC in place, I think we’ll see a wave of companies listing on the New York Stock Exchange or NASDAQ by May or June.“ The crypto industry, he said, has endured a “four years in the desert“; years marked by neglect and punitive measures from traditional banks. Now, with a new regulatory climate, Novogratz believes the industry is entering a period where companies can enjoy greater operational freedom. Novogratz described the energy at a recent crypto ball event in Washington, D.C., as “the hottest ticket in town.” He said that, despite only 300 people being there, 20 crypto CEOs attended, showing how much crypto is gaining influence in the financial world. The billionaire is bullish on the future of Bitcoin, stressing its position as a store of value and its increasing global presence. Bitcoin began 2024 at $44,000 and surged to over $100,000 by December. Related: Japan’s Pro-Bitcoin Company’s Stock Soars 4,000% in the Past One Year President Trump has promised to make the U.S. “the crypto capital of the planet” and create a national Bitcoin reserve. David Sacks, the White House crypto czar, also shared he is exploring the practical steps needed to bring this vision to life. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

“The landfill has been in exploitation since the early 2000s and is coming to the end of its life, therefore the council is working on a planned closure and capping of the site over the next two years,” a Newport council spokesperson told the BBC.

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