Bitcoin’s price has been stuck in neutral, hovering around $97,650 after briefly touching $109,000 last week. After two weekends of intense volatility, traders are now pausing, reassessing their positions following a major liquidation event. Bigger trend to follow?
Jake O. from Wintermute OTC points to a lack of fresh crypto narratives, keeping trading ranges tight. However, the market isn’t short on speculation – there’s talk of Bitcoin making its way onto the U.S. government’s balance sheet, and whispers of a wave of crypto companies preparing to go public.
If these claims hold any weight, they could change the game entirely.
So, what do the experts think? Let’s break it down.
A Surge in Crypto IPOs?
At the recent Ondo Summit, Galaxy Digital CEO mike novogratz 
mike novogratz
Michael Novogratz is a businessperson and bitcoin blockchain technology, investor. He is the CEO of Galaxy Investment Partners and cryptocurrency investment firm. Initially booked to begin his Galaxy Digital resources Fund on December 15, 2017, he retired plans since he didn't like market conditions. He stated that 20% of his net worth was in bitcoin and Ethereum. He made $250 million from cryptocurrency from 2016-to 2017.
Galaxy digital holding Ltd. is among one of the few cryptocurrency companies needed to publish financial results. In the initial nine months of 2018, the organization lost $136 million in digital currency exchange. In 2017, it contributed $80 million in funding to the technology company Bitfury.
In September 2017, he was listed at # 317 on the Forbes 400 with a net worth of $1.5 billion. He was ranked 962 on the march 2008 Forbes list of world billionaires with a net worth of $102 billion. The same year he became a member of Kappa Beta Phi, a wall street secret society made up of wealthy financial executives.
He will probably stay occupied with bringing awareness about crypto and blockchain as well as working with worldwide controllers to drive crypto reception among the majority. He said that his New Year's goal for 2022 is to "clear up for the ever-evolving administration in Congress that crypto is moderate."
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predicted that several crypto firms could go public by May or June, thanks to a more favorable SEC environment. Galaxy Digital itself has been waiting 4.5 years to list, showing how long crypto companies have been held back from going public.
This year looks different. Under Trump’s leadership, low borrowing rates are helping create a bullish environment for public listings. Last month, NYSE’s VP of Listings, Chris Taylor, predicted a boom in crypto IPOs, with more companies eager to enter the stock market. He also hopes that new SEC leadership will make the process easier for blockchain businesses.
Could the U.S. Add Bitcoin to Its Balance Sheet?
Novogratz also made a bold claim – Bitcoin could appear on the U.S. government’s balance sheet within six months. He revealed that he recently had lunch with the head of one of the largest sovereign wealth funds, who is ready to invest $500 million into Bitcoin after the U.S. elections.
This highlights growing institutional interest in Bitcoin as a store of value.
Are We in a ‘Crypto Bubble’?
Pantera Capital founder Dan Morehead
Dan Morehead
Dan Morehead is known for his work on blockchain investment, venture capital, and hedge funds focused on cryptocurrency. He was the Founder and CEO of Pantera Capital, one of the earliest investment firms dedicated solely to blockchain technology and digital assets.
Quick Facts
Full name
Dan Morehead
Birth
United States
Nationality
American
Education
B.S. in Civil Engineering from Princeton University
Marital status
To be updated
Net worth
Not available
Before entering the crypto space, Morehead has previously worked with Tiger Management, Deutsche Bank, and Goldman Sachs. This fintech working experience has helped him gain knowledge of the financial system.
Dan Morehead - Carrer Timeline
2003 – Founded Pantera Capital, the first U.S. Bitcoin investment firm.
2013 – Shifted Pantera’s focus entirely to blockchain and cryptocurrency.
2014 – Launched the Pantera Bitcoin Fund, one of the earliest crypto funds.
2017 – Expanded investments into DeFi, supporting projects like 0x and Augur.
2018 – Led Pantera’s $175M fund for early-stage blockchain startups.
2020 – Advocated for institutional adoption of Bitcoin and digital assets.
2021 – Pantera surpassed $4.5 billion in assets under management.
2023 – Continued investing in Web3 and crypto infrastructure projects.
Dan Morehead's Pantera Capital has backed various blockchain initiatives, such as Bitcoin, Ethereum, Polkadot, and Solana. he has teamed up with various blockchain experts to take forward the initiative of adopting DeFi globally.
Useful links to Connect With Dan Morehead
Platform
Link
X (formerly Twitter)
https://twitter.com/Dan_Pantera
LinkedIn
https://www.linkedin.com/in/danmorehead
Bloomberg Profile
https://www.bloomberg.com/profile/dan-morehead
Pantera Capital Website
https://www.panteracapital.com
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addressed concerns about a crypto bubble, arguing that it’s too soon to call it that. Institutional investment in blockchain is still very low, he said. Morehead pointed out that even if a small share of the $500 trillion in global assets moves into crypto, the market could grow significantly. Based on recent discussions with institutions, he expects this shift to start happening this year.
What’s Bitcoin’s Next Move?
Novogratz acknowledged that Bitcoin could drop to $80,000 but sees this as a buying opportunity, not a sign of weakness. According to him, short-term dips are normal and don’t change crypto’s long-term growth potential.
With crypto IPOs, institutional adoption, and even government interest, Bitcoin’s current price stability may just be a pause before the next big move.
A wave of crypto IPOs, government interest, and big-money players – this could be the calm before the next Bitcoin storm.
