The adoption of two key crypto invoices in the United States will inaugurate a new wave of cryptographic participation that could upset the traditional four-year market cycle, explains the CEO of Galaxy Digital, Mike Novogratz.
Novogratz told Bloomberg on Tuesday that the Stablescoin regulatory regulatory law had signed in July, and that the Clarity Act, which describes the jurisdiction of regulatory organizations on crypto, would result in an increase in new investors who would disrupt the four -year cycle model.
“It’s a big problem. With these two books of the legislation, this will trigger a huge amount of new participation in the crypto. ”
Many cryptographic investors think that the market follows a model of price movement coinciding with Bitcoin (BTC) half every four years. The last reduction in half occurred in April 2024, so some believe that the current Haussier market could soon end.
However, Novogratz said that this cryptography market cycle may differ, because investors are probably not sold at peak levels at the end of this year in 2017 and 2021.
He added that people could not previously use stablecoins on their iPhones or in social media applications because they were not necessarily legal, “but now they are.”
“You will have this new wave of participation, so we may not be in the traditional cycle.”
Clarity Act a “freight train”
CEO of Coinbase, Brian Armstrong, echoed the feeling of Novogratz on September 17, declaring that it was certain that the Congress would adopt the Clarity Act, which defines the roles of the country’s financial regulation agencies with Crypto.
“In fact, I have never been so optimistic about the structure of the market (Bill), it is a freight train leaving the station,” he said at the time.
Last week, representative French Hill said that the Chamber’s financial services committee hopes that measures will be taken on legislation in October or November.
Democrats could repel the legislation
Novogratz has also played concerns about the participation of the Trump family in the crypto, confident that the Securities and Exchange Commission would follow up with any conflict of interest.
“I don’t think you can prevent children from people in power to participate in business,” he said.
He said Democratic legislators could make a big problem on what they perceive as a “grade” of the Trumps and potentially pushing the bill on the structure of the crypto market.
In relation: The best American democratic signals are fighting on the structure of the cryptographic market
Novogratz said that there were enough democrats who saw crypto value to have the bill adopted, but it was “stupid that the Democrats were anti-Crypto” during the presidential election last year.
Chinese minors and Hayes added to the market crisis
Speaking on the lever flanshout of this week, which saw nearly 200 billion dollars destroyed on the STIP cryptography markets, Novogratz has pinned the decline in the “large sale of Chinese mines” and “lowering comments by Arthur Hayes around the hyperliquid”.
“Hyperliquid was the hardest, and that struck part of the overall feeling of the market, but I think it is only a hindsight.”
Hayes has sold all of its overhauling reserve to put a deposit on a Ferrari, and the token has dropped more than 23% since its end of all time last week when the whales continue to unload it.
Review: Hayes made “UP only” advice for the crypto, the concerns of the queue queue of the ETH: Hodler’s Digest
