Bitcoin Price Prediction: Mike Novogratz Forecasts $100,000 in the Near Future
Galaxy Digital CEO Michael Novogratz believes that Bitcoin will reach $100,000 today or tomorrow as the cryptocurrency nears this impressive milestone. Bitcoin reached an unexpected high of over $98,000 on Thursday before slightly dropping to $97,608, showing a 3% increase in the last 24 hours.
Speculation about the cryptocurrency hitting $100,000 has intensified, with many market experts offering predictions about when this milestone will be achieved. Novogratz shared his thoughts on this topic during an interview on CNBC’s Squawk Box, mentioning the recent surge to nearly $98,000.
He credited Donald Trump’s influence for the current bullish trend in the market, highlighting the President-elect’s choices of Bitcoin-friendly individuals for key positions in his administration. This has resulted in increased global interest in Bitcoin, with demand coming from various sources like the Middle East and public equity markets.
Novogratz expressed confidence that Bitcoin will not drop below $80,000 again, despite possible corrections in the future. With Bitcoin trading just 2.5% away from $100,000, investors are optimistic about an imminent breach of this significant price level. Other prominent figures in the crypto industry, such as Michael Saylor and Samson Mow, also anticipate Bitcoin reaching six figures soon.
