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Amid shifting risk appetite among institutional investors, Mike Novogratz, CEO of Galaxy Digital, has expressed continued bullish sentiment regarding the future of Bitcoin. According to reports, Novogratz simultaneously voiced nervousness regarding SpaceX, hinting at concerns over the company's valuation or its potential impact on broader market liquidity. This dual stance reflects a strategic outlook that balances optimism for digital assets against caution for high-growth private tech valuations.
These comments arrive as market participants weigh SpaceX's market position, with secondary market estimates placing the company's valuation near $200 billion according to Bloomberg citations. Contextually, the appeal of Bitcoin as a potential inflation hedge has been reinforced by recent macro data, including the US CPI YoY reaching 4.2% as of June 10, 2026, which contrasts with the liquidity-draining potential of massive private equity valuations mentioned by Novogratz.
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Sign InLooking ahead, traders should monitor upcoming US trade balance data and further commentary on market liquidity constraints. While Bitcoin sentiment remains a primary focus, any official updates regarding SpaceX's funding rounds will be critical for assessing valuation risks. Market participants are also factoring in the Core Inflation Rate, which stood at 2.9% at the close of June 10, 2026, as a key driver for alternative asset volatility.