Novogratz’s Galaxy controlled $3.2 billion at the end of October, a 45% jump from September. The firm entered 2021 with less than $1 billion under management.
#Bitcoin transaction value settlement is rising substantially relative to the Market Cap.
This has driven NVT Signal metric lower, indicating that even at $61.8k, $BTC is historically undervalued relative to utilisation as a value settlement layer. #Glassnode