Summary
- Mike Novogratz, CEO of Galaxy Digital, referred to this season as the 'Solana (SOL) season' and said Solana is fast and optimized for financial markets.
- Novogratz said 'Solana' and 'Ethereum (ETH)' are engaging in healthy competition in global financial infrastructure, and that multiple blockchains will coexist.
- He also forecasted that 'Bitcoin (BTC)' would rebound around the end of the year in line with the Federal Reserve's interest rate cuts.
On the 11th (local time), according to The Block, a crypto asset (cryptocurrency) specialized media, Mike Novogratz, CEO of Galaxy Digital, said in an interview with CNBC that he called this season the 'Solana (SOL) season' and that Solana is fast and optimized for financial markets.
Novogratz analyzed that Solana and Ethereum (ETH) are engaging in healthy competition in the field of global financial infrastructure, and that multiple blockchains will be connected and coexist along with the development of applications.
He also projected that Bitcoin (BTC) would rebound around the end of the year in line with interest rate cuts by the Federal Reserve (Fed).
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
![[Analysis] "Binance’s XRP holdings fall to a two-year low…a signal of easing sell-side pressure"](https://media.bloomingbit.io/PROD/news/ddf35c9e-c582-4b4d-95b6-0c5b1673198d.webp?w=250)
