Novogratz has repeatedly predicted that Bitcoin could hit $500,000 in five years. However, during a recent appearance on Bloomberg TV, the CEO of Galaxy Digital said that it was no longer possible for Bitcoin to reach the $500,000 mark during that span. Friend Mike changed his prognosis due to a change in circumstances.
Mike Novogratz has modified his Bitcoin price forecast due to changes in monetary policy. Which, of course, is very sensible. The amount is the same. But, according to him, it is no longer probable that the proposed objective will be reached in 5 years. Now it will surely take more than 5 years. Which isn’t far-fetched, considering everything that’s happened. Or, put another way, I don’t find much fault with his logic.