One of the smartest minds in the crypto industry is billionaire Mike Novogratz, the CEO of cryptocurrency investment firm Galaxy Digital Holdings (TSX: GLXY). As a former hedge fund manager and partner at Goldman Sachs Group (NYSE: GS), Novogratz is particularly talented at bringing insights from Wall Street and traditional finance to the Wild West world of crypto.

And right now, Novogratz is extremely bullish on Bitcoin (CRYPTO: BTC), which he thinks could soar in the years ahead. That's based on two fundamental insights into how the traditional financial markets work. Let's take a closer look.

According to Novogratz, the SEC's approval of a spot Bitcoin ETF investment product will be huge for Bitcoin's future prospects. In fact, at the end of December, he told CNBC that he thought Bitcoin could eventually go parabolic.

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Source Fool.com