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Billionaire investor says Bitcoin could hit $100,000 only if these things happen

From thestreet.com

Mike Novogratz isn't predicting a Bitcoin rally. He's describing the conditions that would force one, and right now, none of them are fully in place. The Galaxy Digital CEO appeared in a recent podcast this week and laid out his near-term framework for Bitcoin with unusual precision. His base case is a trading range between $60,000 and $80,000 for the remainder of the year. Getting to six figures requires something he called a convergence of three specific developments. Novogratz was direct about what Bitcoin needs. "We would need the Clarity Act. We would need the Fed to cut rates. And we would need some buyer base ... (full story)

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  • Category: Fundamental Analysis