Mike Novogratz Sees Bitcoin Hitting $150K in Next Price Move

Bitcoin recently saw a fresh burst of momentum, with prices pushing above $106,000. As the market steadies after a correction, Galaxy Digital’s Mike Novogratz is once again laying out his long-term view on where crypto is headed.

Good to know

• Mike Novogratz believes Bitcoin could eventually be valued on par with gold.
• He expects the crypto market to expand as younger generations inherit wealth.
• He says speculative coins helped cool down overly excited market sentiment earlier in the year.

The recent price bounce to $106,666 has renewed interest in where Bitcoin is going next. According to Mike Novogratz, who heads Galaxy Digital, crypto is now preparing for a much larger move after a healthy reset earlier this year.

He pointed to a mix of hype-driven behavior and speculative assets like the Official Trump (TRUMP) memecoin as reasons for the recent cool-down. Speaking to CNBC, he explained, “We had a euphoric top right around [Trump’s] inauguration and a combination of a lot of things: Trump coin and whatnot…”

However, rather than seeing this as a setback, Novogratz views the correction as a necessary pause. In his view, the market needed to pull back and retest the levels that followed the U.S. election before gearing up for the next leg higher.

He added, “Crypto went back and tested where the [US presidential] election breakout was. Now it looks like we’ll take out $106,000, $107,000, $108,000 and make the next to $130,000, $150,000.”

Crypto Could Eventually Match Gold’s Valuation

Zooming out, Novogratz expects a much bigger picture to take shape. He highlighted how the total crypto market cap, currently around $2 trillion, is still far behind gold’s $22 trillion size.

“I keep thinking that gold is a $22 trillion asset and crypto is a $2 trillion asset,” he said. “And at one point, as more and more young people inherit the money from old people who kiss the face of god, you’re going to see crypto equal gold and that’s a long way from here.”

Short-Term Outlook and Price Momentum

Bitcoin’s late Sunday climb pushed prices above $106,000. The move added fuel to Novogratz’s forecast, which sees the next resistance levels falling between $130,000 and $150,000. For him, the price is now entering a stage of “discovery,” where fundamentals and demand drive long-term direction more than headlines or speculation.