Despite the current market sentiment being subdued, Galaxy Digital CEO Mike Novogratz remains confident in Bitcoin's long-term potential. He stated that Bitcoin has not yet reached its all-time high but also acknowledged the need for more "adjustments." He compared the development of cryptocurrency infrastructure to the boom period following the internet bubble burst, believing that the sector will not experience a bear market. Novogratz's company holds 6,894 Bitcoins, worth $600 million. Meanwhile, the trading price of Bitcoin is $87,268.68, down 1.08% in the past 24 hours; Galaxy Digital's stock price fell 0.45% in after-hours trading.