Galaxy Digital CEO Sees Bitcoin Poised for $130K–$150K Surge, Eyes Gold’s Market Cap Gap
Galaxy Digital CEO Mike Novogratz told CNBC that Bitcoin is still in its price discovery phase, with its market capitalization trailing far behind gold. Novogratz noted that while gold’s market cap is about $22 trillion, Bitcoin’s is only around $2 trillion. He predicts Bitcoin’s price could reach between $130,000 and $150,000 in its next major move, highlighting the cryptocurrency’s role as an emerging alternative to gold. Novogratz emphasized that the gap in market capitalization underscores both Bitcoin’s growth potential and inherent volatility as it seeks widespread recognition. His bullish outlook points to possible increased investor confidence and liquidity inflow, which could impact Bitcoin trading dynamics. Crypto traders should monitor Bitcoin’s price action and macroeconomic sentiment for opportunities as the asset continues its process of broader adoption.
Bullish
Mike Novogratz’s forecast for Bitcoin to potentially reach $130,000–$150,000 and his emphasis on its sizable upside as a digital gold alternative suggest a bullish outlook for Bitcoin in both the short and long term. The news may drive investor confidence and prompt greater inflows, possibly sparking increased volatility as Bitcoin moves toward broader adoption. Traders may see this as a signal for strategic accumulation. While short-term price action can remain volatile due to market cycles and macro sentiment, the overall message strengthens the bullish narrative for Bitcoin.