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Galaxy Digital CEO: This cycle has not yet peaked, and the new Federal Reserve Chair may drive the next wave of gains



"Currently, the company's employee stock ownership ratio is the highest in both the cryptocurrency and data center industries. The crypto market has recently been quite sluggish.

Personally, I believe that after a long bull market, many long-term holders are rebalancing their assets, diversifying some funds from overly concentrated positions.

In the medium to long term, this is healthy because these positions will gradually be absorbed by a broader range of investors; but in the short term, this adjustment acts like a 'wet blanket,' suppressing market prices.

I don't think the current cycle has reached its peak yet. I believe that by the end of this year, we will see a new Federal Reserve Chair,

who may be more 'dovish' (easing) than market expectations. Hopefully, this can provide enough narrative momentum for the market to drive the next rally."
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GetRich,GetBeautiful,Getvip
· 11-07 16:03
Thank you for sharing!
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GateUser-f53f53c6vip
· 11-07 15:03
Bull Run 🐂
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GateUser-f53f53c6vip
· 11-07 15:03
best
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