The post Big News: Novogratz Says Bitcoin Could Appear on U.S. Government Balance Sheets in Six Months appeared first on Coinpedia Fintech News At the recent ONDO Summit 2025 , Galaxy Digital CEO mike novogratz mike novogratz Michael Novogratz is a businessperson and bitcoin blockchain technology, investor. He is the CEO of Galaxy Investment Partners and cryptocurrency investment firm. Initially booked to begin his Galaxy Digital resources Fund on December 15, 2017, he retired plans since he didn't like market conditions. He stated that 20% of his net worth was in bitcoin and Ethereum. He made $250 million from cryptocurrency from 2016-to 2017. Galaxy digital holding Ltd. is among one of the few cryptocurrency companies needed to publish financial results. In the initial nine months of 2018, the organization lost $136 million in digital currency exchange. In 2017, it contributed $80 million in funding to the technology company Bitfury. In September 2017, he was listed at # 317 on the Forbes 400 with a net worth of $1.5 billion. He was ranked 962 on the march 2008 Forbes list of world billionaires with a net worth of $102 billion. The same year he became a member of Kappa Beta Phi, a wall street secret society made up of wealthy financial executives. He will probably stay occupied with bringing awareness about crypto and blockchain as well as working with worldwide controllers to drive crypto reception among the majority. He said that his New Year's goal for 2022 is to "clear up for the ever-evolving administration in Congress that crypto is moderate." Investor Chief Executive Officer Board Member discussed the positive shift in the crypto space, explaining how the industry has changed in recent years. He said that after four years of feeling “abused” and misunderstood, the mood in crypto has changed dramatically. He explained that with a new SEC leadership and a resurgence of Bitcoin, the industry is beginning to feel like it could play a key role in both finance and consumer spaces. Novogratz also predicted that in May or June, the industry could see several companies listing on major exchanges like the New York Stock Exchange or NASDAQ. Big Move Incoming for Bitcoin? As for Bitcoin, Novogratz believes it has established itself as a store of value and will continue to grow globally. He predicts that Bitcoin might even end up on government balance sheets within the next six months, though the process of integrating it may take time. “Bitcoin has a store of value, it’s carved out a lane, it is becoming global. It might or might not be on the government’s balance sheet in six months. I actually think it will. I think there are people trying to figure out how to do it gracefully, and so I don’t think Bitcoin’s going away,” He Said. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : Bitcoin Funding Rate Hits Zero: Crypto Bull Run Ahead? , He then opened up about the increasing importance of stablecoins, which are becoming significant players in the financial system, with stablecoin legislation moving forward. According to the CEO, the energy around crypto has been strong, especially during the recent inauguration. Novogratz shared how crypto leaders were well-represented at high-profile events, including a ball with major figures. This shows how far crypto has come in terms of acceptance and recognition. .article_register_shortcode { padding: 18px 24px; border-radius: 8px; display: flex; align-items: center; margin: 6px 0 22px; border: 1px solid #0052CC4D; background: linear-gradient(90deg, rgba(255, 255, 255, 0.1) 0%, rgba(0, 82, 204, 0.1) 100%); } .article_register_shortcode .media-body h5 { color: #000000; font-weight: 600; font-size: 20px; line-height: 22px; } .article_register_shortcode .media-body h5 span { color: #0052CC; } .article_register_shortcode .media-body p { font-weight: 400; font-size: 14px; line-height: 22px; color: #171717B2; margin-top: 4px; } .article_register_shortcode .media-body{ padding-right: 14px; } .article_register_shortcode .media-button a { float: right; } .article_register_shortcode .primary-button img{ vertical-align: middle; } @media (min-width: 581px) and (max-width: 991px) { .article_register_shortcode .media-body p { margin-bottom: 0; } } @media (max-width: 580px) { .article_register_shortcode { display: block; padding: 20px; } .article_register_shortcode img { max-width: 50px; } .article_register_shortcode .media-body h5 { font-size: 16px; } .article_register_shortcode .media-body { margin-left: 0px; } .article_register_shortcode .media-body p { font-size: 13px; line-height: 20px; margin-top: 6px; margin-bottom: 14px; } .article_register_shortcode .media-button a { float: unset; } .article_register_shortcode .secondary-button { margin-bottom: 0; } } Never Miss a Beat in the Crypto World! 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