In a recent CNBC appearance, Mike Novogratz, the CEO of Galaxy Digital, shared an optimistic outlook for Bitcoin, predicting it could surge to $130,000 to $150,000 in the near future.
Mike Novogratz describes ‘unfair, infuriating’ path to Galaxy Digital’s Nasdaq listing https://t.co/ECDc57HwqS
— CNBC (@CNBC) May 16, 2025
Mike Novogratz’s Ambitious Forecast for Bitcoin
His insights, discussed in the context of the Trump administration’s influence on the crypto industry, provide a detailed perspective on Bitcoin’s market trajectory and its comparison to traditional assets like gold.
Novogratz highlighted Bitcoin’s significant rally since Donald Trump’s election in November 2024, with the price climbing nearly 50% to around $103,700 by May 16, 2025. He attributed this surge to a combination of factors, including increased investor confidence following Trump’s pro-crypto stance and the market’s reaction to traditional assets like gold.
Source: CNBC
The CEO of Galaxy Digital noted that Bitcoin BTC often follows gold’s movements, and with gold experiencing substantial gains, Bitcoin is poised to do the same. He predicted that Bitcoin could soon break through resistance levels at $106,000, $107,000, and $108,000, potentially reaching $130,000 to $150,000, entering a phase of “price discovery.”
Bitcoin’s Emergence as a Digital Gold in the Macroeconomic Landscape
The billionaire also pointed to the euphoria surrounding Trump’s inauguration and the rise of Trump-themed cryptocurrencies as catalysts for market excitement. However, he cautioned that such enthusiasm could lead to volatile corrections, as seen in past cycles.
Read more: CEO Pantera Capital Predicts Explosive Bitcoin Growth for Decades Amid Macroeconomic Shifts
Despite this, Novogratz remains confident in Bitcoin’s long-term prospects, which are driven by increasing adoption among younger investors and institutional players.
Comparing Bitcoin to gold, Novogratz emphasized the cryptocurrency’s emerging role as a digital store of value. He noted that while gold boasts a $22 trillion market cap, Bitcoin, currently valued at around $2 trillion, has considerable room for growth.
Source: CompaniesMarketcap
Novogratz believes that as younger generations inherit wealth from older ones, Bitcoin could achieve parity with gold, albeit in the distant future. This perspective aligns with broader macroeconomic trends where low interest rates and quantitative easing have historically bolstered both assets.
Read more: Tim Draper: Bitcoin to Hit $250,000 and Replace the Dollar in a Decade
The relationship between Bitcoin and macroeconomic factors is intricate. While Bitcoin’s price movements are often driven by speculation and market sentiment, they also correlate with periods of low volatility and loose monetary policies. For instance, the 2021 bull run coincided with ultra-loose monetary conditions, and similar patterns are emerging in 2025.
