Bold Bitcoin Price Prediction from Galaxy Digital’s CEO

Mike Novogratz, a prominent figure in the cryptocurrency world, shared his bold outlook on Bitcoin during a live appearance on Bloomberg.

He suggested that if the United States were to recognize Bitcoin as a strategic reserve asset, its value could surge to $500,000.

This prediction aligns with recent remarks from President-elect Donald Trump, who promised to make Bitcoin part of the country’s official reserve assets and stated that the government would cease selling BTC.

However, Novogratz tempered his optimism, noting that the likelihood of such a shift happening remains low.

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He further pointed out that if the US were to adopt Bitcoin as a reserve asset, other nations would likely follow suit and also stockpile the digital currency.

While Novogratz has long been a supporter of Bitcoin, his relationship with the crypto market has been tumultuous. He previously expressed strong confidence in the Terra (LUNA) ecosystem, even getting a tattoo to commemorate his belief—only to see it collapse shortly afterward.

Alexander Stefanov