Novogratz Sees Bitcoin Bouncing Back to Six Figures by 2026

Galaxy Digital CEO Mike Novogratz thinks Bitcoin's downturn might be behind it. He believes that $60,000 may be the low point for the cycle and expects a recovery to the $80-$100 range.

In an interview with Anthony Scaramucci on All Things Markets, Novogratz said he thinks the worst of Bitcoin's latest decline has passed. 'I think the 60 print is the low of the cycle,' he stated.

Novogratz also emphasized that holding onto $80 as a weekly closing price would be significant for Bitcoin's recovery. He believes it's likely to happen because much of the forced selling may already have taken place. 'I think a lot of people that needed to sell sold,' Novogratz said.