Billionaire Mike Novogratz, CEO of Galaxy Digital, has expressed an optimistic view on the recovery of the cryptocurrency market after a downturn in April. He believes that the rise in gold prices is often a sign that the cryptocurrency market, especially Bitcoin, will follow suit. Currently, this trend is happening as Bitcoin has the potential to surpass key resistance levels such as 106K, 107K, 108K, aiming for a price range of 130K to 150K.

Novogratz also emphasized that the excitement surrounding President Trump's inauguration, along with the emergence of Trump coin and expectations for the upcoming election, is providing additional momentum for the market. He compares Bitcoin to gold, an asset valued at up to 22 trillion USD, and believes that in the future, when the younger generation inherits wealth from the older generation, Bitcoin could achieve a status equivalent to gold, although that moment has not yet arrived.

Through the above analysis, Novogratz has affirmed his belief in the strong recovery potential of the cryptocurrency market in the near future, as well as the increasingly important role of Bitcoin in the global economy.