Key facts: Mike Novogratz, CEO of Galaxy Digital, predicts Bitcoin may hit $200,000 if the new U.S. Federal Reserve chair takes a dovish approach, with rate cuts boosting the crypto market. — TradingView News
Mike Novogratz, CEO of Galaxy Digital, predicts Bitcoin may hit $200,000 if the new U.S. Federal Reserve chair takes a dovish approach, with rate cuts boosting the crypto market.1Recent market data shows that large investors and institutional players are increasing their exposure to Bitcoin, even as the broader market remains stagnant.2Bitcoin’s Long-Term Holders have realized 3.4 million BTC in profits, the largest profit-taking event ever. Despite this sell pressure, demand for Bitcoin appears to stabilize its price.3