Founder of Galaxy Digital: Bitcoin is "a little bit integrated" as institutions line up to enter the market

According to Cointelegraph, on August 29, Galaxy Digital founder Mike Novogratz said in an interview that despite the sideways market this week, Bitcoin still rose more than 200% this year. "It has experienced tremendous growth, so I think this is an integration." However, for Novogratz, the increase in institutions entering the bitcoin market will trigger the next phase of the bitcoin bull market cycle. He went on to say, “Those organizations that are making long-term decisions are making sure they are supervised to make sure their ducks are in good shape – they are coming in slowly and steadily.”