According to the businessman, traditional investors will invest more money in cryptocurrency, and Solana will become a key entry point for fresh capital.
Speaking on CNBC's Squawk Box, Novogratz said that the digital asset market is currently worth over $4 trillion, while the global financial market is a whopping $400 trillion. According to the businessman, traditional investors will invest more in cryptocurrency, and Solana will be a key entry point for fresh capital.
Novogratz mentioned Nasdaq-listed Forward Industries, which issued $1.65 billion in Treasury bonds, the proceeds of which are intended to buy SOL. The company has already started buying this cryptocurrency with the assistance of Galaxy Digital.
The head of Galaxy Digital supported the idea of Pantera Capital CEO Dan Morehead to raise $1.25 billion to create a reserve of SOL. According to Novogratz, the onset of "Solana Season" will accelerate the possible launch of spot exchange-traded funds (ETFs) in the United States tied to SOL. The US Securities and Exchange Commission (SEC) is currently reviewing applications from VanEck, Grayscale, Canary Capital, and Bitwise to launch ETFs tracking this altcoin.
Novogratz believes that the Solana blockchain can develop on the same level as Ethereum and Bitcoin, since each network has its own functions, and these blockchains can peacefully coexist. People associate Bitcoin with digital gold - many investors see it as a reliable means of saving, the key advantage of Ethereum is the use of smart contracts, and Solana can boast high transaction processing speeds, the businessman listed.
Novogratz recently suggested that autonomous AI agents could become the main providers of stablecoin transactions, taking on the bulk of everyday operations.