$BTC could break past $100,000 as political roadblocks come down, Galaxy Digital CEO Michael Novogratz told Bloomberg TV.

Bitcoin could break past $100,000 by the end of this year as political roadblocks come down, Galaxy Digital CEO Michael Novogratz told Bloomberg TV

"If we take out $73,000 in the next week or so, we're gonna end the year at $100,000. Somewhere around there or even higher," the crypto enthusiast said on Tuesday. That indicates a 40% gain from Wednesday's price $71,500.

As for why, Novogratz said that in past weeks, he's been waiting for two things to catalyze a fresh rally for bitcoin.

"More regulatory clarity, which I thought was a low probability at that point, and/or the Fed starting to move. We're getting the regulatory clarity," he said "And even though it's not perfect, we got enough that people now realize this is coming."

"If we take out $73,000 in the next week or so, we're gonna end the year at $100,000. Somewhere around there or even higher," the crypto enthusiast said on Tuesday. That indicates a 40% gain from Wednesday's price $71,500.

As for why, Novogratz said that in past weeks, he's been waiting for two things to catalyze a fresh rally for bitcoin.

"More regulatory clarity, which I thought was a low probability at that point, and/or the Fed starting to move. We're getting the regulatory clarity," he said "And even though it's not perfect, we got enough that people now realize this is coming."

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