Galaxy CEO: Bitcoin's 'Season of Soul' is hier - maar de echte winnaar zou je misschien verrassen

Thu, Sep 18, 2025, 9:45 PM 4 min read

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While Bitcoin trades sideways in what feels like crypto winter, Galaxy Digital Holdings (NASDAQ:GLXY) CEO Mike Novogratz sees a brewing revolution that could reshape how the entire financial system operates—and it’s not just about Bitcoin anymore.

The crypto veteran believes we’re entering what he calls the “Season of Soul,” where Solana and other high-speed blockchains are stealing Bitcoin’s thunder by proving they can handle the demands of traditional financial markets. But before Bitcoin maximalists panic, Novogratz has a message: this competition isn’t a zero-sum game, he told CNBC.

Bitcoin’s current sideways trading pattern doesn’t worry Novogratz. While the world’s largest cryptocurrency consolidates, he sees other ecosystems like Ethereum and Solana “taking their shot” and bringing fresh energy into the crypto space.

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Novogratz anticipates another significant Bitcoin surge toward the end of the year, particularly as the Federal Reserve is expected to begin a cutting cycle. When asked about Fundstrat Global Advisors co-founder Tom Lee and his bold prediction of Bitcoin reaching $200,000 by year-end, Novogratz offered a cautious “His lips to God’s ears,” stopping short of full endorsement but not dismissing the possibility entirely.

For Novogratz, Bitcoin’s role remains clear and unchanging: it’s digital gold, a store of value that stands apart from other cryptocurrencies. He expects Bitcoin to go “nowhere but up over time,” driven by a community that trusts its technology amid what he describes as a “breakdown in trust” in traditional institutions like government and political parties, Novogratz told CNBC.

While Bitcoin consolidates, Solana is having its moment in spectacular fashion. The blockchain’s transaction capacity tells the story: 14 billion transactions per day, which Novogratz notes is “more than total transactions on equities, fixed income, commodities and foreign exchange” combined.