Crypto Enters a New “Build-for-Users” Era, Says Mike Novogratz
Galaxy Digital CEO Mike Novogratz used his appearance at Solana Breakpoint to deliver a clear message: the crypto industry is entering a stage where real-world products — not trading mania — will decide which projects survive.
With regulatory boundaries becoming easier to navigate, he said, the environment is finally stable enough for developers to focus on mainstream adoption rather than uncertainty.
- Clearer rules are pushing crypto toward real, user-focused products.
- Novogratz says Solana is well suited for capital-market infrastructure.
- He remains bullish on Bitcoin despite 2024 volatility.
- Global institutional interest in blockchain is accelerating.
According to Novogratz, durable value in digital assets comes from communities that ship tangible innovations and grow user networks, not from hype-driven cycles. Only ecosystems capable of producing tools that people actually use, he argued, will define crypto’s long-term winners.
Why Solana Fits Into Galaxy’s Long-Term Vision
Novogratz highlighted Solana as one of the ecosystems best positioned for financial applications, pointing to its speed and scalability as reasons it can support heavy institutional activity. He described the chain as “built for capital markets,” noting that Galaxy’s collaboration with Jump Trading is aimed at constructing high-performance infrastructure suited for large-scale trading environments.
In his view, the next leap forward for blockchain isn’t simply faster transactions — it’s building the kind of technical backbone that traditional finance has relied on for decades, only without intermediaries.
A Volatile Year, a Firm Outlook
Reflecting on 2024, Novogratz said turbulence was unavoidable but did not alter his broader stance on Bitcoin or the crypto sector. He revealed that one Galaxy client executed a $9 billion BTC sale, an example of early investors securing major profits and rebalancing portfolios. Even so, he added, fresh buyers steadily flowed into the market throughout the year, preventing sentiment from collapsing.
Despite sharp swings, Bitcoin remains an asset he is “consistently optimistic” about, driven by institutional participation and improving regulatory clarity.
Abu Dhabi Meetings Reinforce Global Momentum
Novogratz also pointed to conversations at Abu Dhabi Finance Week as a key indicator of where the industry is heading. Global investment firms, sovereign funds and major financial institutions gathered there, and the tone, he said, reflected growing conviction rather than hesitation.
The takeaway for him: interest in blockchain is not plateauing — it is accelerating. Across regions, he sees governments, capital managers, and corporations all preparing for a digital-asset future that will integrate deeply with global markets.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
