- Mike Novogratz believes Bitcoin will be on the balance sheet of the US government within six months.
- By mid-2025, a rise in crypto IPOs is expected to ease regulatory barriers.
Galaxy Digital CEO Mike Novogratz recently predicted that Bitcoin could appear on the US government’s balance sheet. While speaking at the Ondo Summit, Novogratz claimed this shift could happen within the next six months, citing discussions with top finance figures.
“I think Bitcoin will be on the government’s balance sheet in six months,” Novogratz said.
He also pointed out that many influential players are already exploring possibilities to make this happen. Novogratz’s comments align with a major trend of increasing institutional interest and the government’s plan to adopt Bitcoin as a strategic asset.
The possibility of Bitcoin becoming a national reserve is heavily dependent on President Donald Trump’s pledge to make the U.S. the “crypto capital of the planet.”
Crypto IPO Boom Expected Amid New Regulatory Climate
Beyond Bitcoin’s potential government adoption, Novogratz sees another seismic shift coming: a wave of crypto companies going public. He expects several firms to debut on the New York Stock Exchange (NYSE) or NASDAQ by May or June, driven by a more favorable regulatory environment.
“For four and a half years, we’ve been waiting,” Novogratz said, expressing frustration over the previous SEC leadership’s slow progress. However, with new leadership in place, Wall Street may soon have a number of cryptocurrency companies to be listed on the NYSE or NASDAQ.
NYSE’s VP of Listings, Chris Taylor, recently echoed this sentiment, predicting an influx of crypto IPOs. This shift is being fueled by low borrowing rates and a renewed focus on financial innovation under the Trump administration. With major players like Galaxy Digital waiting for their turn to list, a surge in public offerings could redefine the landscape of institutional crypto investment.
Massive Institutional Adoption Despite Market Volatility
Bitcoin’s recent price movements reflect how volatile the market is. After it peaked at $109,000, it has settled around $97,650 due to global news and rumors, including concerns over trade wars and tariffs. Also, traders have begun reassessing Bitcoin’s position following a recent liquidation event. Despite the short-term fluctuations, Novogratz remains bullish.
He acknowledged the possibility of Bitcoin dipping to $80,000 but dismissed concerns, calling it a “buying opportunity.” His optimism is backed by growing institutional interest.
On the other hand, Dan Morehead, founder of Pantera Capital, emphasized that institutional crypto exposure is still minimal, with most major investors holding zero blockchain assets. He argued that even a small shift of global wealth into crypto could drive exponential market growth.
However, the influence of institutional adopters like Michael Saylor’s rebranded Strategy continues to inspire other corporate institutions by acquiring BTC. Bitcoin is gradually being regarded beyond a speculative asset but as a reserve of value.
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