TL;DR
- Mike Novogratz, CEO of Galaxy Digital, projects that Bitcoin could remain in the $120,000–$125,000 range until the end of the year.
- Crypto market volatility has decreased, and investor confidence is recovering, which could signal the start of a new bullish cycle.
- Bitcoin trades near $107,700, down 3.7% in the last 24 hours, with a trading volume exceeding $88 billion.
Mike Novogratz, founder and CEO of Galaxy Digital, expects Bitcoin to hold between $120,000 and $125,000 through year-end, supported by a combination of favorable macroeconomic conditions and growing institutional demand.
He made these remarks during his appearance on CNBC, where he also reviewed Galaxy Digital’s third-quarter results and discussed the overall state of the crypto market.
A New Bullish Cycle
Novogratz emphasized that cryptocurrency market volatility has declined and investor confidence is recovering, setting the stage for a year of solid growth for the industry. According to the executive, maintaining Bitcoin’s price within this range could signal the start of a new bullish cycle, reinforcing the view that the leading cryptocurrency continues to establish itself as “digital gold.”
Novogratz Is Highly Optimistic About the Market
His projection reflects optimism regarding the growing stability and maturity of the crypto market. The combination of lower volatility, increasing institutional interest, and relatively stable international economic conditions makes Bitcoin an attractive asset for investors seeking diversification and medium- to long-term returns.
He also suggested that the crypto market could enter a period of consolidation before a potential rally. This positions Bitcoin not only as an investment vehicle but also as a benchmark for the digital transformation of money.
Galaxy Digital continues to strengthen its market reputation, aiming to capitalize on the trust and interest of both institutional and retail investors. For Novogratz, Bitcoin’s trajectory points to an increasingly important role within the digital economy.
According to the latest CoinMarketCap data, Bitcoin (BTC) trades around $107,700 per unit, down 3.7% in the last 24 hours, with its trading volume fluctuating less than 2% and exceeding $88 billion
