Key facts: Mike Novogratz, CEO of Galaxy Digital, predicts Bitcoin may hit $200,000 if the new U.S. Federal Reserve chair takes a dovish approach, with rate cuts boosting the crypto market.
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- Mike Novogratz, CEO of Galaxy Digital, predicts Bitcoin may hit $200,000 if the new U.S. Federal Reserve chair takes a dovish approach, with rate cuts boosting the crypto market.1
- Recent market data shows that large investors and institutional players are increasing their exposure to Bitcoin, even as the broader market remains stagnant.2
- Bitcoin's Long-Term Holders have realized 3.4 million BTC in profits, the largest profit-taking event ever. Despite this sell pressure, demand for Bitcoin appears to stabilize its price.3