Novogratz Sees Bitcoin Reaching $100K by 2026

Galaxy Digital CEO Mike Novogratz believes Bitcoin may end 2026 near the $100,000 level, according to his recent conversation with Anthony Scaramucci on All Things Markets. Novogratz thinks the worst of Bitcoin's latest downturn may be over, and the $60,000 area could be the low of the cycle. He argues that Bitcoin remains different from the broader cryptocurrency market, but drives a lot of the energy.

Currently, Bitcoin is trading around $84,000. Novogratz thinks that maybe it goes to $78,000 or something, but it's now in his mind an $80-$100 range. He would not be surprised if Bitcoin returns to the six-figure mark by the end of 2026.

Another factor supporting the market, according to Novogratz, is that much of the forced or motivated selling may already have taken place. He thinks a lot of people that needed to sell have sold.