Mike Novogratz has admitted that his previous prediction of Bitcoin reaching $150,000 by 2025 was inaccurate. The Galaxy Digital CEO described the current market as a 'cortisol' bear, characterized by anxiety and pessimism, contrasting with the previous 'testosterone' bull phase. The October flash crash has disrupted momentum, leaving Bitcoin in a volatile sideways range. Novogratz noted that while breaking above $100,000 could potentially trigger a rally, the presence of bullish options sellers is currently hindering upward movement. Despite the missed price target, he remains optimistic about the future, citing potential in new banking and tokenization infrastructure developments.
Mike Novogratz Revises Bitcoin Price Prediction Amid Market Volatility
Share to:
This content is for informational purposes only and does not constitute investment advice.
Recommended Reading
2025-12-24 03:30
Wall Street Adopts Ethereum for Settlement and Tokenization
2025-12-24 03:00
Local Influence Grows in Asia's Crypto Media Landscape
2025-12-24 03:00
Bhutan Develops State-Backed Green Bitcoin Mining Initiative
2025-12-24 02:53
589 BTC Worth $51.8 Million Moved from Coinbase to Unknown Wallet
SuperEx Popular Science Articles Column
This collection features informative articles about SuperEx, aiming to simplify complex cryptocurrency concepts for a wider audience. It covers the basics of trading, blockchain technology, and the features of the SuperEx platform. Through easy-to-understand content, it helps users navigate the world of digital assets with confidence and clarity.
Unstaked related news and market dynamics research
Unstaked (UNSD) is a blockchain platform integrating AI agents for automated community engagement and social media interactions. Its native token supports governance, staking, and ecosystem features. This special feature explores Unstaked’s market updates, token dynamics, and platform development.
XRP News and Research
This series focuses on XRP, covering the latest news, market dynamics, and in-depth research. Featured analysis includes price trends, regulatory developments, and ecosystem growth, providing a clear overview of XRP's position and potential in the cryptocurrency market.
How do beginners trade options?How does option trading work?
This special feature introduces the fundamentals of options trading for beginners, explaining how options work, their main types, and the mechanics behind trading them. It also explores key strategies, potential risks, and practical tips, helping readers build a clear foundation to approach the options market with confidence.
What are the risks of investing in cryptocurrency?
This special feature covers the risks of investing in cryptocurrency, explaining common challenges such as market volatility, security vulnerabilities, regulatory uncertainties, and potential scams. It also provides analysis of risk management strategies and mitigation techniques, helping readers gain a clear understanding of how to navigate the crypto market safely.