Bitcoin on a Path to $1 Million as Wall Street Embraces Digital Gold – Mike Novogratz

Bitcoin’s ascent from fringe experiment to mainstream portfolio staple is accelerating, according to Galaxy Digital founder Mike Novogratz.

Speaking on CNBC, the former Fortress hedge-fund manager argued that the cryptocurrency has now joined gold and silver as a “macro asset” that big money can no longer ignore.

Novogratz credits BlackRock chief Larry Fink for tipping the first domino. Once the world’s largest asset manager threw its weight behind a spot-Bitcoin ETF, the trickle of institutional buyers turned into a steady flow, he said. Treasury departments, sovereign-wealth funds, and retail investors suddenly had simpler on-ramps—and they’re taking them.

“The snowball we spent years pushing uphill has finally started rolling downhill,” Novogratz remarked.

READ MORE:

KuCoin Plants Its Flag in Bangkok With a Licensed Thai Exchange

That momentum, he believes, could carry Bitcoin’s market value past gold’s. With only 21 million coins ever to exist, even modest shifts in global savings habits could push prices dramatically higher. If younger generations choose Bitcoin over bullion, Novogratz sees a realistic road to a seven-figure token; matching gold’s capitalization alone implies roughly a tenfold jump from current levels, he noted.

While predicting exact timelines is tricky, the billionaire expects both assets to appreciate—imagining gold at $3,000 to $10,000 per ounce and Bitcoin ultimately clearing the $1 million mark. For investors comfortable with digital rails, he argues, “digital gold” may simply get there first.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.