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Famous Wall Street billionaire and crypto advocate Mike Novogratz recently shared both his bold price predictions for Bitcoin (BTC) and the altcoins in his portfolio during an interview.
The former Goldman Sachs partner and founder of crypto investment firm Galaxy Digital provided notable insights on market cycles, institutional adoption, and potential catalysts for the next bull run.
Wall Street’s “Herd” Enters Crypto
According to Novogratz, the long-awaited institutional influx has finally begun. The participation of BlackRock in spot Bitcoin ETFs and statements from CEO Larry Fink are playing a key role in shifting institutional sentiment.
“After eight years of waiting, Wall Street’s herd has finally arrived in the crypto market.” – Mike Novogratz
Why This Cycle Is Different
Novogratz argues that this cycle features stronger structural changes compared to previous four-year crypto cycles, driven by three main factors:
- Regulatory Clarity – New U.S. laws and a more favorable SEC approach provide a solid foundation for the sector.
- Institutional Integration – Wall Street banks and major companies adopting stablecoins and tokenized assets accelerate the transition from “accounts to wallets.”
- Real-World Asset (RWA) Tokenization – Stocks, bonds, and private loans are being tokenized on blockchain and incorporated into investment portfolios.
All Successful Cryptos Are a Culture
Novogratz emphasizes the importance of community strength and trends in crypto valuations. Projects like XRP and Cardano (ADA) survive largely due to strong communities despite limited utility.
“All successful cryptocurrencies are a cult. Even stocks like Tesla and MicroStrategy now have a crypto-like cult following.”
He also revealed the four assets he believes in most strongly:
- Bitcoin (BTC)
- Solana (SOL)
- Hyperliquid (HYPE)
- Ethereum (ETH)
Regarding Solana, Novogratz says:
“Solana’s narrative is that the internet will become a platform for capital markets.”
High-frequency trading firms like Jump Capital favor Solana, making SOL a strong candidate for global capital markets.
Bitcoin $200,000 Scenario
Despite global macro risks, Novogratz predicts record highs for Bitcoin, expecting a “blow-off top” phase with extremely rapid gains.
- Bitcoin price forecast: up to $200,000
- The biggest catalyst could be the Fed losing independence.
- If Trump appoints a dovish Fed chair and cuts rates early, safe-haven assets like gold and Bitcoin could surge.
Novogratz’s insights highlight the growing importance of institutional investors in crypto and suggest that the next bull run will be driven by different dynamics than before.
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