Bitcoin Set to Hit $100,000 by Year-End? Insights from Mike Novogratz
Galaxy Digital CEO Mike Novogratz predicts that Bitcoin could reach $100,000 by the end of the year, citing growing political support for crypto in the U.S. He highlighted the increasing optimism for cryptocurrencies and progress with the SEC's approval of spot-Ethereum ETFs.
In an interview with Bloomberg, Novogratz explained that a favorable political climate could push Bitcoin to new all-time highs. "If we hit $73,000 in the next few weeks, we could end the year at $100,000 or higher," he stated.
Support for crypto is on the rise, with political donations backing pro-crypto candidates. Despite a setback from President Biden's veto against lifting controversial crypto rules, Novogratz remains optimistic: "We’re nearing the finish line. DC has finally agreed in principle that crypto legislation needs to happen and it should be bipartisan."
Recent developments in the crypto space and progress with regulatory approvals could propel Bitcoin to a record high. The market sentiment is more positive than ever, with investors eagerly anticipating the coming months.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before investing in cryptocurrencies.
Follow me for more analyses and share this article!
Source: Bloomberg
