Bitcoin News Today: Bitcoin Target $150,000 as Galaxy CEO Cites 27% Upside from $118K

Mike Novogratz, CEO of Galaxy Digital, has reaffirmed a bullish outlook for Bitcoin, forecasting the cryptocurrency could surge to $150,000 in the near term. The billionaire investor, a prominent figure in the digital asset industry, made the comments during an interview on CNBC’s Squawk Box, emphasizing favorable market conditions and strong institutional sentiment as key drivers [1]. At current valuations near $118,000, Bitcoin would need a 27% increase to reach Novogratz’s target, a milestone he described as “a decent target” amid ongoing price discovery dynamics [1].

The prediction aligns with broader macroeconomic trends, including anticipated reductions in interest rates and growing corporate adoption of digital assets. Novogratz highlighted that sustained bullish momentum depends on market sentiment remaining intact, though he acknowledged potential shifts if regulatory or economic conditions change. “If Trump changes his mind,” he noted, referring to the U.S. president’s efforts to lower rates, “that would change my thesis” [1]. Despite this caveat, he reiterated confidence in Bitcoin’s trajectory, particularly as the market approaches the anticipated peak of the 2024-2025 bull cycle [1].

Novogratz’s latest forecast marks a tempered stance compared to his earlier, more speculative projections. In early 2024, he suggested Bitcoin could reach $1 million, citing its macro asset status. The revised $150,000 estimate reflects a strategic recalibration to enhance media credibility while maintaining a long-term bullish narrative [1]. Galaxy Digital, a leading institutional gateway to crypto markets, remains central to Novogratz’s mission of expanding traditional finance’s exposure to digital assets and AI-driven innovations [1].

The feasibility of the $150,000 target hinges on several factors. Bitcoin’s current trajectory suggests it is within striking distance of the level, but external pressures—such as regulatory uncertainty or macroeconomic volatility—could disrupt the upward trend. Novogratz’s analysis underscores the importance of institutional adoption and regulatory clarity, noting that corporate buying activity and ETF inflows are increasingly legitimizing crypto as a mainstream asset class [1].

Critically, these forecasts should be viewed as speculative. While Novogratz’s track record in the crypto space lends credibility to his insights, the market’s inherent volatility means outcomes remain uncertain. The $150,000 price point is not guaranteed but represents a plausible scenario under prevailing conditions [1]. As Bitcoin continues its climb, investors will closely monitor macroeconomic signals and regulatory developments to gauge whether Novogratz’s optimism proves prophetic.

Source:

[1] [Bitcoin to Reach $150000 Soon: Billionaire Investor Mike Novogratz](https://zycrypto.com/bitcoin-to-reach-150000-soon-billionaire-investor-mike-novogratz/)

[2] [Bitcoin Could Hit $150K This Year, Says Mike Novogratz—](https://decrypt.co/331711/bitcoin-could-hit-150k-this-year-mike-novogratz-ethereum-outperform)

[4] [Ethereum Will Soon Beat Bitcoin: Galaxy Digital CEO Michael Novogratz Says](https://www.livebitcoinnews.com/ethereum-will-soon-beat-bitcoin-galaxy-digital-ceo-michael-novogratz-says/)