Galaxy CEO Mike Novogratz: Bitcoin could see another big surge towards the end of the year

    Galaxy founder and CEO Michael Novogratz joins ‘Squawk Box’ to discuss the state of crypto, bitcoin price trends, future of crypto treasuries, and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/42d859g

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    33 Comments

    1. „Move everything onchain“ and „14 billion transaction a day“ is just stupid. You dont need transactions onchain and lightning can do 40 billion transaction a day. Also i would never trust a chain that is as centralised as solana. They could litterly crash the entire market with the flip of a switch.

    2. Bitcoin is on the move, edging toward more record highs and this momentum is no fluke. It’s not just about price, but positioning. I’ve grown a 4.1 B T C holdings into 11.4 B T C by combining timing with strategy. With the right guidance, significant growth is within reach.

    3. Being in the discord and starting trading is literally changing my life. I started with a small $3,000 account but I have got up to $19,500 in one week! Not a lot of money but that's a big growth for me.

    4. Honestly, it’s asinine that this kind of hype still passes for expert insight. This has to change. Just do the math: there are 86,400 seconds in a day. If someone claims Solana can handle 14 billion transactions daily, that’s about 162,000 TPS. In reality, though, the data from sources like ChainSpec and Dune Analytics shows Solana’s average TPS in the last 30 days is under 1,300, and their failure rates can hit 40% on properly submitted transaction.

      This isn’t just a small gap; it’s a massive disconnect between promises and reality. Financial institutions looking to manage third-party risk and achieve five-nines operational consistency can’t just buy into this endless cycle of hype and sudden pivots. First it was 750k TPS promised with “proof of history,” then it dropped to 65k, then 50k, then they hyped a million TPS with FireDancer, and now they’re phasing that out and promising a new direction again.

      It’s been a pattern of misrepresentation all along. We need to hold these platforms accountable. Encouraging MEV and failing basic reliability standards isn’t something any serious institution should have to tolerate. Let’s change the conversation and demand real results, not just marketing spin.

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