Galaxy Digital Executive Foresees Another NFT Boom In This Period

While there is a stagnant pattern for buying interest in crypto assets, experts predict a boom in foreseeable future. As the macroeconomic scene continues to impact Bitcoin, NFT market is yet to see boom environment after last year’s rise. Tim Grant, a top executive at blockchain investment firm Galaxy Digital, is optimistic of a rise in NFTs again in near future. He said the actions of central banks and policymakers could continue to impact Bitcoin’s performance.

Bitcoin’s Macro Correlation

Grant explained that Bitcoin volatility could depend on the macro position. Referring to last week’s hack on the Binance smart chain, Grant said there is chance of more hacks. However, any further drop in prices is highly unlikely in the event of the hacks, he added. For the past one month, Bitcoin (BTC) has been fluctuating around th