Core Viewpoint - Galaxy Digital Inc. CEO Mike Novogratz remains optimistic about Bitcoin despite current negative sentiment, emphasizing caution against premature bullishness [1][2] Group 1: Bitcoin Market Sentiment - Novogratz believes Bitcoin has not yet reached its all-time high and acknowledges that there is more "healing to do" in the market [2] - He suggests that momentum in crypto pricing is driven by narrative and that bullish sentiment may not be warranted until Bitcoin breaks the $100,000 mark [2] Group 2: Infrastructure and Long-term Outlook - Novogratz highlights the strong support for Bitcoin, describing it as backed by a "gigantic apparatus" and a belief system that is unlikely to fade [3] - He draws parallels between the current state of cryptocurrency and the early days of the internet, asserting that there is no bear market in building crypto infrastructure [4] Group 3: Galaxy Digital's Position - Galaxy Digital holds 6,894 BTC, valued at approximately $600 million, on its balance sheet, indicating a significant investment in Bitcoin [5] - Novogratz has previously projected that Bitcoin could grow to $1 million, potentially replacing gold as the primary store of value [5] Group 4: Current Market Data - As of the latest data, Bitcoin is trading at $87,268.68, reflecting a 1.08% decrease over the last 24 hours [7] - Galaxy Digital's stock has seen a growth of over 40% in 2025, although it demonstrated a low Value score and underperformed in various price trends [7]
Anthony Scaramucci Asks Mike Novogratz About Bitcoin's 2026 Prospects — Here Is What The Galaxy CEO Said About BTC And Its 'Belief System'