NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Billionaire Novogratz: Impossible For Bitcoin Not to Hit $10,000 by This Year

Nick Chong
Nick Chong
6 years ago
3 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

After a single day in the green, with many cryptocurrencies pushing monthly-highs, many advocates of this space have claimed that this market is on the verge of its next exponential growth cycle. While many wouldn’t classify these overly-bullish claims as crimes, so to speak, no one is as guilty to doing this as Mike Novogratz, the CEO of Galaxy Digital, who recently appeared on CNBC to confidently restate his crypto predictions for the umpteenth time.

Novogratz: The Bottom Could Be In

CNBC Fast Money, which focuses on assets that see rapid prices movements, as its name implies, recently took advantage of the crypto market’s most recent move by inviting Mike Novogratz, a well-known cryptocurrency proponent, to partake in the show’s near-infamous Bitcoin-related segment.

Referencing a tweet of his, in which he notably “called a bottom,” the former hedge fund manager explained that he made this forecast by solely reading technical indicators, while also taking into account that the so-called “ICO sell-off” is likely exhaling its last breaths, at least for now anyway.

Explaining why cryptocurrencies could build off Friday’s rebound to move even higher, Novogratz brought attention to the fact that institutions are still “slowly getting ready to be in this space,” which has long been touted as the catalyst that will push Bitcoin past its previously-established all-time highs.

While tokens have plummeted in prices, Novogratz noted, there has still been a significant amount of closed-door deals, such as Telegram’s $1.7 billion private coin offering, which alludes to the fact that institutions are making forays into this industry, albeit ever so quietly.

Moreover, the Galaxy Digital CEO explained that financial service providers, like Goldman Sachs and ICE, are continuing to construct the framework that will facilitate the global adoption of cryptocurrencies. Mike elaborated on this significance of these platforms, stating:

“It’s also a bull market in institutions building the infrastructure needed for real money investors to start investing in this space… I think that in three to six months from now, there will be an “all clear” sign for people — big institutions and pension [funds] — to start investing.”

But it isn’t all sunshine and rainbows, as the investor, who famously claimed to have 20% of his net worth in cryptocurrencies, highlighted that there are still key levels, like $6,800, $8,800 and $10,000, for instance, that Bitcoin will need to breach before an eventual move out of this bear market. Once Bitcoin passes the aforementioned price levels, which are important in terms of their technical, fundamental and physiological values, coupled with widespread institutional investment via proper solutions, “the sky’s the limit,” said Novogratz.

“That Institutional FOMO [Into Bitcoin] Will Happen”

Speaking as a respected industry insider, Novogratz went on to divulge that “one of the most influential endowments [in the world]” had made an investment into a “Bitcoin fund.”

While he did not make CNBC viewers privy to the name of the endowment, the CEO went on to explain that this news, when officially released, may spark “institutional FOMO” on the scale of last year’s “retail FOMO,” which catalyzed Bitcoin’s run from relative obscurity to $20,000 within a short 365 days.

Seemingly referencing a tweet he made in early-August, Novogratz explained that Bitcoin will likely outperform altcoins for the time being, as institutions are still enamored with the foremost cryptocurrency, as its the easiest crypto asset to scale into. Not only is it well-recognized, but Bitcoin has also proven itself to have been a great store of value and takes advantage of features that gold cannot.

Closing off the segment, which stretched out to a staggering 11 minutes, Novogratz explained that it is almost nigh-impossible for Bitcoin to not hit and surpass $8,800 or $10,000 by the end of the year. So hold on to your hats, as cryptocurrencies, specifically Bitcoin, might just be warming up before the next big game.

Featured Image From Shutterstock
Tweet123Share303ShareSend
Nick Chong
Nick Chong

Nick Chong

I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

crypto

Crypto Market Cap On Track To $4.5 Trillion As Q3 Unfolds – Details

Popular market analyst and key opinion leader (KOL) Ted Pillows is projecting the crypto market to hit a $4.5 trillion...

Semilore Faleti 7 hours ago
Bitcoin

Bitcoin Investor Sentiment Back To ‘Very Bullish’ — What This Means

The Bitcoin price action was largely sideways rather than strongly bullish for most of June. As of early July, the...

Opeyemi Sule 10 hours ago
No Room For Bears: Bitcoin Bullish MACD And Monthly Close Fuel Bullish Outlook

No Room For Bears: Bitcoin Bullish MACD, Monthly Close Fuel Bullish Outlook

Bitcoin is facing resistance just below its $112,000 all-time high, struggling to break into price discovery as the market gains...

Sebastian Villafuerte 12 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

Analyst Shares Bitcoin Cheat Sheet Showing When The Bull Run Begins

Scott Matherson 27 minutes ago
Bitcoin

No Need To Panic, Bitcoin’s Peak Still Coming In October 2025 – Analyst

Semilore Faleti 1 hour ago
Litecoin

Litecoin Fate Tied To Bitcoin – Will $96 Resistance Crack?

Godspower Owie 3 hours ago

Premium Sponsors

Press Releases

  • XRP Cryptocurrency × Dogecoin Mining: HASHJ launches...

    6 hours ago
  • Koja kriptovaluta ima veći potencijal za stvaranje milijunaša XRP ili Shiba Inu

    Koja kriptovaluta ima veći potencijal za stvaranje...

    10 hours ago
  • 3 altcoina koje vrijedi pratiti u prvom tjednu srpnja 2025

    10 hours ago
  • XRP Bulls Are Soaring — FINDMINING Rides the Wave to...

    16 hours ago
  • $AIN Expands to 7 DEXs as AI Network Activates Omnichain AI...

    16 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.