💦💦Famous Billionaire: If This Happens, Bitcoin Price Will Increase 10x, Will See 1 Million Dollars! 💦💦

Famous billionaire Mike Novogratz stated that Bitcoin (BTC) could increase its value by 10 times in the long run by replacing gold and has the potential to reach a price of 1 million dollars.

Galaxy Digital CEO Novogratz mentioned in an interview with CNBC that Bitcoin is increasingly being adopted as an alternative to gold, especially noting that the younger generation's preference for Bitcoin over gold could significantly raise the value of the cryptocurrency.

While Bitcoin's current market value exceeds 2 trillion dollars, according to Novogratz, there is still a long way to go for Bitcoin to reach the market value of gold. When this happens, it may be possible for Bitcoin's price to rise 10 times to reach 1 million dollars.

Among investors known for high price predictions in the crypto market, Cathie Wood had predicted Bitcoin's price to be 2.4 million dollars by the year 2030 in recent months. Similarly, Michael Saylor has frequently mentioned that Bitcoin could rise to much higher levels.

Novogratz's confidence in Bitcoin stems from the widespread adoption trend on a macro scale. The increasing interest of large corporations, sovereign wealth funds, and individual investors in Bitcoin creates a positive impact on the price. Especially the increase in Bitcoin investments by large institutional funds like BlackRock strengthens its power in the market. The total value of assets held by BlackRock in its Bitcoin spot ETF is around 70 billion dollars.

Currently, Bitcoin is trading at approximately 106,210 dollars, having gained more than 50% in value over the past year. Galaxy Digital, led by Novogratz, is drawing attention with its Bitcoin investments; the company's portfolio includes approximately 12,830 BTC, which is worth about 1 billion dollars.