Billionaire Mike Novogratz, CEO of Galaxy Digital, shared his views on crypto, stating that his opinion from six weeks ago has changed and now he is more optimistic about the crypto market.

According to Novogratz, the bond sell-offs and increased crypto adoption resulted in a price increase of crypto, particularly bitcoin. Novogratz anticipates lawmakers taking a softer stance on crypto, highlighting Treasury Secretary Janet Yellen’s current much more friendly view on crypto, with her last week’s statement, according to which there are benefits from crypto and she recognizes that the innovation in the payment system can be a healthy thing.