Bitcoin to $150,000: Mike Novogratz’s Bold Predictions

Galaxy Digital’s CEO, Mike Novogratz, recently expressed optimism about Bitcoin during a CNBC appearance, forecasting a potential surge to $130,000 to $150,000 in the near future. Novogratz highlighted Bitcoin’s rally since Donald Trump’s election, attributing the price increase to various factors, including investor confidence in Trump’s pro-crypto stance. He also noted Bitcoin’s correlation with gold’s movements and predicted that Bitcoin could surpass key resistance levels, entering a phase of “price discovery.” Novogratz emphasized Bitcoin’s role as a digital store of value and its growth potential compared to gold. Despite potential market volatility, he remains confident in Bitcoin’s long-term prospects, driven by increasing adoption among younger investors and institutions. Novogratz believes Bitcoin could eventually achieve parity with gold as macroeconomic trends, such as low interest rates and quantitative easing, continue to support both assets.