Galaxy Digital CEO Mike Novogratz has expressed skepticism about Bitcoin reaching the $250,000 mark by the tip of 2025, stating that solely excessive and unpredictable occasions may gasoline such a dramatic rally within the coming months.
Novogratz sees range-bound bitcoin
In a latest CNBC interview, Novogratz mentioned:
“There must be a heck of quite a lot of loopy stuff to essentially get that sort of momentum.”
On the time of his feedback, Bitcoin was buying and selling round $107,649, that means a 133% surge could be wanted to hit the bold $250,000 goal earlier than year-end.
Novogratz recommended that, even in a worst-case state of affairs, Bitcoin “ought to maintain” the $100,000 stage—a key milestone first surpassed in December 2024 after Donald Trump’s reelection.
He elaborated that draw back help ought to stay near this stage, whereas any upside may speed up solely after breaking via $125,000.
Potential catalysts for a breakout
Novogratz recognized two doable catalysts for breaking Bitcoin’s all-time highs: vital intervention by President Trump concerning the Federal Reserve, or the passage of the CLARITY Act, a serious market construction invoice. He added:
“These are the 2 sorts of catalysts I see.”
Analysts stay divided on year-end targets
Regardless of Novogratz’s cautious stance, some business figures, together with BitMine chair Tom Lee and BitMEX co-founder Arthur Hayes, keep their projections of $200,000–$250,000 by year-end.
Nevertheless, different analysts, like PlanC, argue that specializing in a particular year-end peak overlooks the statistical realities of Bitcoin’s market conduct.