Novogratz’s Bitcoin bet: BTC to $100K in 2024

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Bitcoin could hit $100K or surpass it before end-2024 amidst increasing regulatory clarity and possible Fed rate cut.

could break above its current range and hit $100K or higher by end-2024, per Galaxy Digital’s founder and CEO Mike Novogratz.

The $73K hurdle is the recent high hit in March. It was part of the price range that has constricted BTC for weeks.When asked about what could drive BTC above the March high and hit his $100K end-year target, Novogratz mentioned two key catalysts – regulatory clarity and the Fed’s moves.“We’re getting regulatory clarity. Even though it’s not perfect, we’ve got enough that people now realize that this is coming.

 

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