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Novogratz predicts BTC will top $70,000 after SEC approves spot Bitcoin ETF

Michael Novogratz, the founder of Galaxy Digital, predicts that Bitcoin will return to its previous peak within a year due to the increasing expectation of the approval of the first Bitcoin ETF by the U.S. Securities and Exchange Commission (SEC). At the same time, interest in Bitcoin ETFs is also surging, indicating that regulated and accredited investors' institutional interest in BTC is recovering due to the large number of applications for Bitcoin ETFs submitted in the United States. Novogratz stated that the uncertainty of the upcoming election year may further stimulate people's interest in digital assets.

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