Bitcoin's Price Predictions Revisited: Novogratz Admits to 2025 Error Amid Regulatory Concerns and Infrastructure Optimism

Galaxy CEO Mike Novogratz has admitted to being wrong about his 2025 Bitcoin prediction, stating that the current market sentiment is "decidedly negative." He attributes the loss of momentum to the "flash crash" on October 9th and notes that the market will remain choppy and move sideways. Novogratz believes that infrastructure developments, such as neo-banks and tokenization, will continue to grow despite the bear market.