China’s President Xi Jinping gave credibility to blockchain and crypto by calling the country to accelerate blockchain adoption, said Galaxy Digital CEO Mike Novogratz. The cryptocurrency investor delivered his remarks speaking at the Reuters Global Investment Outlook 2020 Summit in New York on Nov. 5.
Michael Novogratz, founder at crypto investment bank Galaxy Digital and a major Bitcoin (BTC) bull, believes that the Chinese president’s announcement in late October triggered the recent surge in Bitcoin’s price.