- Main event, leadership changes, market impact, financial shifts, or expert insights.
- Novogratz predicts Bitcoin’s price could surge significantly.
- Bitcoin’s potential driven by increased institutional adoption.
Mike Novogratz, CEO of Galaxy Digital, has forecasted Bitcoin reaching $130,000 to $150,000, attributing this potential increase to its market value lagging behind gold. He shared these insights in a CNBC interview on May 16, 2025.
Novogratz’s prediction resonates due to Bitcoin’s underdeveloped market value compared to gold, impacting institutional investors’ strategies. This insight aligns with ongoing discussions on Bitcoin as a digital store of value.
Galaxy Digital’s CEO emphasizes Bitcoin’s market underperformance compared to gold, positioning it in the price discovery stage. He forecasts Bitcoin’s next price range as $130,000 to $150,000, driven by institutional adoption and macro trends.
“Given the market value of gold assets is approximately $22 trillion and the market value of Bitcoin is only $2 trillion, the price of Bitcoin in the next stage may be in the range of $130,000 to $150,000, and it is still in the price discovery stage.” – Mike Novogratz, CEO, Galaxy Digital.
Mike Novogratz, known for connecting traditional finance with crypto, predicts Bitcoin’s parity with gold as a long-term goal. Notably, institutional interest, exemplified by U.S. spot Bitcoin ETFs, continues to bolster Bitcoin’s status as a competitive store of value.
The Trump administration’s pro-crypto stance has significantly influenced Bitcoin, contributing to a 50% price rally since late 2024. Market participants have observed a shift in government policy encouraging digital asset investment.
Expectations of Bitcoin’s growth rest on several factors, including increased institutional engagement and favorable policy climate. As Bitcoin challenges gold’s traditional standing, emerging technologies and regulatory frameworks are reshaping its financial dynamics.
Bitcoin’s price trajectory indicates potential further gains as institutional strategies evolve. Historical trends suggest that heightened adoption often results in price surges, emphasizing Bitcoin’s role in broader economic discourse. Future growth may hinge upon technological advancements and policy adaptations.
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