Bitcoin Price Prediction as Billionaire Novogratz Predicts BTC Will Reach $100,000 After This One Thing – Here’s What Happens Next
In a recent interview with Bloomberg Television, Michael Novogratz, CEO of Galaxy Digital, made a bold Bitcoin price prediction, suggesting that the cryptocurrency could soar to $100,000 by year-end.
He bases this prediction on a swift anticipated rise to $73,000 in the coming weeks, driven by positive developments in the U.S. political landscape for digital assets.
This surge would not only reclaim Bitcoin’s near all-time high but could set a new benchmark for its market value.
Michael Novogratz, the CEO of Galaxy Digital, posits that Bitcoin could potentially reach a landmark price of $100,000 by the end of this year. In an interview with Bloomberg Television on Tuesday, Novogratz suggested that a swift rise to $73,000 soon could pave the way for Bitcoin to achieve or even surpass the $100,000 mark by year’s end.
He considers this goal achievable in light of the current market dynamics and recent positive shifts in the U.S. political landscape regarding digital assets.
As of now, Bitcoin’s performance has been inching closer to previous highs. On Tuesday, it rose to $71,005, marking its highest point in about two weeks. This surge represents a 2.8% increase, drawing nearer to its all-time high of $73,798 recorded in March.
The increasing momentum for cryptocurrencies is further supported by several developments. Notably, the U.S. Securities and Exchange Commission (SEC) is progressing towards approving ETFs that would invest directly in Ether, signalling a wider acceptance of digital currencies.
Galaxy Digital's founder and CEO Michael Novogratz says Bitcoin could end the year at $100,000 or higher https://t.co/8sFn4zI28h pic.twitter.com/kGJum91k1U
— Bloomberg Crypto (@crypto) June 4, 2024
Political engagement is also on the
Read more on cryptonews.com
