Mike Novogratz: Bitcoin could return to $30,000 next month


Mike Novogratz, CEO of Galaxy Digital, said that he wouldn’t be surprised to see bitcoin prices rise to $30,000 next month. “It wouldn’t surprise my eyes if the price action is reflected in the excitement of customers calling and the FOMO [fear-of-missing out] building up, it wouldn’t surprise me,” said the executive.
Novogratz: Bitcoin could return to $30,000 in Q1
At a Bank of America conference, Mike Novogratz, CEO of Galaxy Digital, shared his outlook on bitcoin prices Wednesday. He believes that bitcoin could reach $30,000 by the end next month, as he has been a long-standing advocate for bitcoin. He stated:
If I look at price action and the excitement of customers calling, I wouldn’t be surprised if we reached $30,000 by quarter’s end.
He said, “I would have given my shoes just six weeks ago for that to be true,” adding that he would have been “the happiest man” if BTC ended at $30,000.
Galaxy Digital CEO was earlier more optimistic about bitcoin’s price. In March 2013, he stated that BTC should be at $500,000 five years from now. However, he changed his forecast in December and stated that it would take BTC more than five years to reach that price. He blamed his skepticism on Federal Reserve Chairman Jerome Powell’s interest-rate hikes.
Bitcoin is currently trading at $24,567 as of the time this article was written. This is an increase of 8% over the past 24 hours and 16% in the last 30 days.

The Galaxy Digital boss explained the following:
Chairman Powell is what makes me skeptical that we will have the explosive, back to the old highs this year. I don’t think the Fed will pivot or cut anytime soon.
Many people have recently made bullish bitcoin predictions. Robert Kiyosaki, author of Rich Dad Poor Dad, said that he expects bitcoin to reach $500,000 by 2025. Pantera Capital, a crypto-focused investment firm, said that we are already in the next bull market cycle for bitcoin. Ark Invest, an investment management firm, predicted that bitcoin could grow to a multitrillion dollar market and that BTC could reach $1.48million per coin.
What do you think of Galaxy Digital CEO Mike Novogratz’s prediction about bitcoin prices? Leave a comment below.


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