THIS WILL AND NEEDS TO BE BITCOINS YEAR SAYS MIKE NOVOGRATZ

Mike Novogratz, the founder and CEO of Galaxy Digital, a prominent cryptocurrency investment firm, has made a bold prediction: This is the year Bitcoin will truly shine.Just as Bitcoin's genesis was intertwined with the economic turmoil of the Great Recession, Novogratz believes this year is a pivotal ""make-or-break"" moment for the leading cryptocurrency. Mike Novogratz, the founder of crypto investment and research firm Galaxy Digital, believes there is a Low probability that President-Elect Trump will establish a Bitcoin (BTC) strategic reserveFueling his optimism are several key factors, including the potential approval of a spot Bitcoin ETF in the United States, growing institutional adoption, and the increasing recognition of Bitcoin as a viable alternative to traditional gold.Novogratz envisions a surge in demand coupled with Bitcoin's inherently limited supply driving prices to new heights, potentially reaching or even exceeding the coveted $100,000 mark. 'This Will and Needs to Be Bitcoin s Year' Says Mike NovogratzBut what exactly makes this year so crucial for Bitcoin, and what are the specific catalysts Novogratz is watching closely? Galaxy Digital CEO Mike Novogratz has predicted that as much as a trillion dollars could flow into bitcoin over the next year as wealthy baby boomers get into cryptocurrency. With the example ofLet's dive into the details and explore the compelling arguments behind his bullish outlook on Bitcoin's future.He believes investors will soon prefer trading digital gold to the real deal.

The Looming Bitcoin ETF and its Potential Impact

One of the most anticipated events in the cryptocurrency space is the potential approval of a spot Bitcoin ETF in the United States.Analysts at Bloomberg predict that the first such ETF could be approved as early as January 10th.Novogratz believes that this approval would be a game-changer for Bitcoin, opening the floodgates for significant institutional investment.

Unlocking Institutional Investment

A spot Bitcoin ETF would provide institutional investors with a regulated and accessible way to gain exposure to Bitcoin without directly holding the cryptocurrency themselves.This removes several barriers to entry, such as concerns about security, custody, and regulatory compliance. Just as Bitcoin s creation is bound up with 2025 and the Great Recession, Galaxy Digital founder Mike Novogratz sees this year as make-or-break for the cryptocurrency. With vast swaths of the world markets in virtual lockdown amid the coronavirus pandemic, some predict that the shocks rippling through the global economy in early 2025 may yet MoreWith an ETF, institutions can simply buy shares in the fund, which holds actual Bitcoin, through their existing brokerage accounts.

The Potential for Billions to Flow In

Novogratz estimates that the approval of a spot Bitcoin ETF could drive billions of dollars into the sector.This influx of capital would significantly increase demand for Bitcoin, pushing prices higher.He argues that many institutional investors have been waiting on the sidelines, eager to invest in Bitcoin but hesitant to do so without a regulated and accessible investment vehicle.The ETF would provide the confidence and convenience they need to finally enter the market.

Bitcoin's Finite Supply and Growing Demand

Beyond the potential ETF approval, Novogratz highlights the fundamental economics of Bitcoin as a key driver of its future growth.Bitcoin's supply is capped at 21 million coins, meaning that no more than that number will ever exist. Galaxy Digital founder and CEO Mike Novogratz has asserted that Bitcoin would hit $800,000 in five to ten years, citing gold s correlation. In an interview with Bloomberg, Novogratz became the latest to argue that Bitcoin would hit gold s market cap. He noted that Bitcoin would trade at $800,000 in the next five to ten years, matching goldThis scarcity, combined with increasing demand, creates a powerful upward pressure on prices.

The Scarcity Advantage

Unlike fiat currencies, which can be printed at will by central banks, Bitcoin has a fixed supply.This makes it a valuable hedge against inflation and currency debasement. Mike Novo: [0:05] I mean, listen, we need to finish this week over 107.50. You know, want to film 500. If Sunday night we're at 108, 109, you're going to be at 130 before you can bat an eye. Ryan: [0:17] Mike Novogratz, Bitcoin just hit an all-time high at the time of recording. We're at 109,900 as the all-time high price of Bitcoin.As more people and institutions recognize the advantages of Bitcoin's scarcity, demand will continue to rise, driving prices higher.This is similar to other scarce assets like gold and fine art, where limited supply contributes to their value.

Increasing Adoption and Use Cases

Bitcoin is increasingly being adopted by individuals and businesses around the world. Mike Novogratz predicts bitcoin could hit $100,000 by year-end, citing a positive U.S. political environment for digital assets.It is used as a store of value, a medium of exchange, and a unit of account. Galaxy Digital CEO Mike Novogratz is forecasting the potential price trajectory of Bitcoin (BTC) if the incoming administration of President-elect Donald Trump adopts the crypto king as a strategic reserve asset.As more people and businesses begin to use Bitcoin, its network effect grows, further increasing its value and utility.This growing adoption is not limited to retail investors; institutional investors are also starting to recognize the potential of Bitcoin as an asset class.

The Political Environment and its Impact on Bitcoin

Novogratz also points to a positive U.S. political environment for digital assets as a factor that could contribute to Bitcoin's rise.While the regulatory landscape for cryptocurrencies is still evolving, there is a growing recognition among policymakers of the potential benefits of digital assets. In a new interview on CNBC s Squawk Box, billionaire Mike Novogratz says that Bitcoin s finite supply plus a growing demand sets the flagship crypto asset up for additional rallies after potentially hitting the $100,000 milestone.This positive sentiment could lead to more favorable regulations, further boosting the adoption of Bitcoin.

Navigating Regulatory Uncertainty

One of the biggest challenges facing the cryptocurrency industry is regulatory uncertainty. This Will and Needs to Be Bitcoin s Year' Says Mike novogratz With vast swaths of the world markets in virtual lockdown amid the coronavirus pandemic, some predict that the shocks rippling throughIn many jurisdictions, the rules governing digital assets are still unclear. 20 Friday December 2025. About; Advertise; Submit Press Release; Contact Us; News. Bitcoin News. Bitcoin News; Bitcoin Cash News; Bitcoin SV NewsThis uncertainty can make it difficult for businesses to operate and can deter institutional investors. Just as Bitcoin s creation is bound up with 2025 and the Great Recession, Galaxy Digital founder Mike Novogratz sees this year as make-or-break for the cryptocurrency.However, as policymakers become more familiar with cryptocurrencies, they are beginning to develop more comprehensive and well-defined regulations. Galaxy Digital Founder Mike Novogratz believes that 2025 is going to be the year of Bitcoin. This Will and Needs to Be Bitcoin s Year, Says Mike NovogratzThis clarity will help to foster innovation and attract investment in the sector.

The Role of Government Adoption

Novogratz even speculated on the possibility of a future administration adopting Bitcoin as a strategic reserve asset. 'This will and needs to be Bitcoin's year' says Mike NovogratzWhile this is a more long-term scenario, it highlights the increasing recognition of Bitcoin's importance on the global stage.Such a move would be a strong signal of confidence in Bitcoin and could further legitimize it as an asset class.

Bitcoin as Digital Gold: A Store of Value in the Digital Age

Novogratz believes that Bitcoin is increasingly being seen as ""digital gold,"" a store of value that can protect against inflation and economic uncertainty. 正如比特币的诞生与2025年经济大萧条息息相关，Galaxy Digital的创始人麦克 诺沃格拉茨认为，2025年会见证比特币的成败。He argues that investors will soon prefer trading digital gold to the real deal, as Bitcoin offers several advantages over traditional gold.

Advantages Over Traditional Gold

• Scarcity: Bitcoin's limited supply makes it a more attractive store of value than gold, which can be mined indefinitely.
• Portability: Bitcoin can be easily transferred across borders without the need for intermediaries.
• Divisibility: Bitcoin can be divided into smaller units, making it accessible to investors of all sizes.
• Verifiability: Bitcoin transactions are transparent and verifiable on the blockchain.

The Shift in Investor Sentiment

As more investors recognize these advantages, they are beginning to allocate a portion of their portfolios to Bitcoin.This shift in investor sentiment is driving up demand for Bitcoin and contributing to its price appreciation.Novogratz believes that this trend will continue as Bitcoin becomes more widely accepted as a legitimate store of value.

Potential Corrections and Volatility

While Novogratz is bullish on Bitcoin's long-term prospects, he also acknowledges the potential for corrections and volatility along the way. Mike Novogratz, billionaire investor and CEO of Galaxy Digital, weighed in on Donald Trump s groundbreaking decision to establish a U.S. Strategic Bitcoin Reserve. He described the move as historic, emphasizing that it signals Bitcoin s increasing importance on the global stage. According to Novogratz, having a national Bitcoin reserveThe cryptocurrency market is known for its sharp price swings, and investors should be prepared for potential dips in the value of Bitcoin.

The Leveraged Nature of the Market

Novogratz has pointed out that the cryptocurrency market is often ""levered to the gills,"" meaning that many investors are using borrowed money to trade.This leverage can amplify both gains and losses, leading to increased volatility. Analysts at Bloomberg predict that the first U.S. spot Bitcoin ETF could be approved by Jan. 10, and Novogratz said that could drive billions of dollars into the sector, causing Bitcoin toWhen prices start to decline, leveraged traders may be forced to sell their positions, further accelerating the downward trend.

Managing Risk and Volatility

Investors should manage their risk carefully and avoid using excessive leverage.It is also important to have a long-term perspective and not panic sell during periods of volatility. Galaxy Digital CEO Mike Novogratz says he wouldn t be surprised if bitcoin's price returns to $30,000 by the end of March.Dollar-cost averaging, a strategy of investing a fixed amount of money at regular intervals, can help to smooth out the impact of price fluctuations.

Novogratz's Track Record and Credibility

Mike Novogratz is a highly respected figure in the financial industry, with a long and successful track record.His experience and credibility lend weight to his predictions about Bitcoin's future.

A Seasoned Investor

Prior to founding Galaxy Digital, Novogratz spent many years working at Goldman Sachs and Fortress Investment Group. Bitcoin reached a new record high, surpassing $98,000 early this morning, and the race to $100,000 feels almost inevitable at this point, said Mike Novogratz, Galaxy founder and CEO.He has a deep understanding of financial markets and has made successful investments in a variety of asset classes.His experience gives him a unique perspective on the potential of Bitcoin and the cryptocurrency market.

Galaxy Digital's Role in the Industry

Galaxy Digital is a leading cryptocurrency investment firm that provides a range of services, including asset management, trading, and investment banking. 2025 B y k Durgunluğu'nun ardından ortaya ıkan Bitcoin i in Galaxy Digital kurucusu Mike Novogratz, bu yılın tamam mı devam mı kararının verileceği yıl anlamına geldiğini s yledi. Novogratz, 22 Mart'ta ABD Meclisi'nin 2 trilyon dolarlık ekonomik destek paketiyle ilgili mutabakata varamamasından saatler sonra ş yle belirtti:The firm has a strong research team and a deep understanding of the cryptocurrency ecosystem. Bitcoin s bounce to record highs in recent days is only the beginning of a fresh surge higher for cryptocurrency, says Read More The post Crypto to keep climbing, says US billionaire MikeGalaxy Digital's involvement in the industry further enhances Novogratz's credibility and gives him access to valuable insights.

Beyond $100,000: Long-Term Price Targets

While Novogratz has mentioned the possibility of Bitcoin reaching $100,000 this year, he has also set much higher long-term price targets. Just as Bitcoin (BTC) s creation is bound up with 2025 and the Great Recession, Galaxy Digital founder Mike Novogratz sees this year as make-or-break for the cryptocurrency. In a tweet posted on March 22 just hours after the United States Congress failed to reach a bipartisan agreement on a proposed $2 trillion economic support packageHe believes that Bitcoin could eventually reach $800,000 in the next five to ten years, matching gold's market capitalization.

Matching Gold's Market Cap

Novogratz argues that Bitcoin has the potential to become as valuable as gold, if not more so. Mike Novogratz: Some real crypto purists are going to shoot me for this because they would say you got to own your own keys and custody it in your basement. I think for 98%, 99% of people out there, you can put it in a bitcoin fund.Gold has a market capitalization of trillions of dollars, and Novogratz believes that Bitcoin could eventually reach a similar level. Mike Novogratz, the founder of Galaxy Digital Holdings Ltd, said he expects Bitcoin to rise by the end of this year and predicted the US will approve Bitcoin exchange-traded funds.This would require significant adoption and a continued shift in investor sentiment.

The Power of Narrative and Adoption

The price of Bitcoin is driven by a combination of factors, including supply and demand, technological innovation, and narrative. The recent bitcoin rally is fueled by greater adoption of the token and it's unlikely to go back below $50,000. That's according to billionaire crypto bull and Galaxy Digital CEO Mike Novogratz.As more people believe in Bitcoin's potential and adopt it as a store of value, its price will continue to rise. p The macro backdrop exposed by virus-stricken world markets is exactly why Bitcoin was created, argues Galaxy Digital founder Mike Novogratz /p 'This Will and Needs to Be Bitcoin s Year' SaysThe long-term price target of $800,000 is based on the assumption that Bitcoin will continue to gain traction and become a mainstream asset.

Addressing Concerns and Criticisms

Despite the bullish outlook, it's important to acknowledge the concerns and criticisms surrounding Bitcoin. Sam was delusional about what happened and his culpability in it, Novogratz told the Squawk Box host on Thursday. Let's be really clear. Sam was delusional about what happened and hisSome critics argue that Bitcoin is too volatile, that it is used for illicit activities, and that it is environmentally unsustainable.

Volatility and Risk Management

Bitcoin's volatility is a legitimate concern, but it can be managed through careful risk management and a long-term perspective.As the market matures, volatility is likely to decrease. Proprio come la nascita di Bitcoin legata alla Grande Recessione, secondo Mike Novogratz questo sar un anno di svolta per la criptovaluta La pandemia di coronavirus ha congelato l'economia di svariate aree del pianeta: alcuni esperti prevedono che l'attuale crisi finanziaria avr conseguenzeInvestors should only invest what they can afford to lose and should avoid using excessive leverage.

Addressing Illicit Activities

While Bitcoin has been used for illicit activities, it is important to note that these activities represent a small fraction of overall Bitcoin transactions. Just as Bitcoin s creation is bound up with 2025 and the Great Recession, Galaxy Digital founder Mike Novogratz sees this year as make-or-break for the cryptocurrency 0 NEWSLaw enforcement agencies are becoming increasingly adept at tracking and prosecuting criminals who use Bitcoin. Just as Bitcoin s creation is bound up with 2025 and the Great Recession, Galaxy Digital founder Mike Novogratz sees this year as make-or-break for the cryptocurrency Please note, this is a STATIC archive of website cointelegraph.com from, cach3.com does not collect or store any user information, there is no phishing involved.Moreover, the transparency of the blockchain makes it easier to trace illicit transactions than traditional cash transactions.

Sustainability and Energy Consumption

Bitcoin's energy consumption is a valid concern, but efforts are underway to make the network more sustainable.Miners are increasingly using renewable energy sources, and new consensus mechanisms are being developed that require less energy.Over time, Bitcoin's energy footprint is likely to decrease.

Key Takeaways and the Future of Bitcoin

Mike Novogratz's bullish outlook on Bitcoin is based on a combination of factors, including the potential approval of a spot Bitcoin ETF, the increasing demand for Bitcoin, its limited supply, and a positive political environment. This will be and needs to be BTC s year. Michael Novogratz (@novogratz) Ma. In his new tweet, the former Goldman Sachs executive explains that the flagship cryptocurrency could shine against the macro backdrop. Novogratz expects more fireworksWhile there are risks and challenges, the long-term prospects for Bitcoin remain bright. Galaxy Digital CEO Michael Novogratz discussed bitcoin's record highs on Squawk Box.This year could indeed be a pivotal year for Bitcoin, marking a significant step towards mainstream adoption and price appreciation. Bitcoin s surge to over $98,900 has prompted Galaxy CEO Mike Novogratz to predict a likely correction. Speaking on Thursday, November 21, Novogratz explained that the cryptocurrency market is levered to the gills, signaling potential volatility despite the token s record highs. Galaxy CEO Mike Novogratz Expects Bitcoin DipHere are some key takeaways:

• ETF Approval: The approval of a spot Bitcoin ETF could unlock significant institutional investment.
• Scarcity and Demand: Bitcoin's limited supply and growing demand create a powerful upward pressure on prices.
• Digital Gold: Bitcoin is increasingly being seen as a digital store of value.
• Volatility: Be prepared for potential corrections and volatility.
• Long-Term Potential: Bitcoin has the potential to reach significantly higher prices in the long term.

Ultimately, whether ""this will and needs to be Bitcoin's year"" remains to be seen. Investors will soon prefer trading digital gold to the real deal, says Mike Novogratz, CEO of Galaxy Digital.However, the catalysts highlighted by Mike Novogratz paint a compelling picture of a cryptocurrency poised for significant growth and wider acceptance in the financial world.It’s worth keeping a close eye on these developments and consider how Bitcoin might fit into a diversified investment portfolio.As always, conduct thorough research and consult with a financial advisor before making any investment decisions.