Billionaire and CEO of Galaxy Digital Michael Novogratz shared his opinion on the dynamics of bitcoin in 2023. He believes that the turning point came when the CEO of the world’s largest asset manager BlackRock Larry Fink openly supported bitcoin.
Novogratz coined the term “orange pill” to describe Fink’s transformation. Initially, the top manager was skeptical about the merits of bitcoin and only then changed his opinion to a positive one.