News View Non-AMP

Bitcoin to Hit $1 Million? Crypto Billionaire Mike Novogratz Explains Why It’s Possible

Published by
Zafar Naik

Crypto billionaire Mike Novogratz is making waves again with a bold prediction. In a recent interview on Schwab Network, the Galaxy Digital CEO said he believes Bitcoin could eventually hit $1 million and he has good reason to think so.

No, this isn’t just wishful thinking. He sees a big shift happening in how people view money, driven by a new generation of investors.

The Great Wealth Shift: Why Younger Investors Matter

One of the biggest drivers behind Novogratz’s prediction is the massive wealth transfer from baby boomers (born 1946–1964) to younger generations like millennials and Gen Z.

“We had Warren Buffett retire. Charlie Munger passed away. They didn’t like Bitcoin, but I bet their grandkids are,” he said.

While older investors preferred traditional assets like gold, younger ones are far more open to crypto. Novogratz believes this generational change in mindset could push Bitcoin to new heights.

Right now, gold is valued at around $22.9 trillion, while Bitcoin is just over $2.1 trillion. He thinks that gap could close, and even flip, in the next eight years.

Novogratz’s Crypto Journey

Novogratz’s belief in Bitcoin is backed by personal experience. After his hedge fund at Fortress collapsed in 2015 due to risky bets on the Swiss franc and Brazilian markets, he turned to crypto. In 2017, he founded Galaxy Digital – and that move changed everything.

He started buying Bitcoin back in 2013, and today, his net worth is estimated at $4.5 billion.

Recently, he said Bitcoin could jump to $150,000 in the short term. But his $1 million forecast shows how strongly he believes in its long-term potential.

Bitcoin vs. Gold: A Changing of the Guard?

As Bitcoin becomes more widely accepted, Novogratz’s view emphasizes how it can change how people think about wealth. 

Younger investors are very interested in this cryptocurrency, which has the potential to alter the financial landscape and compete with gold in the future.

Zafar Naik

Zafar is a seasoned crypto and blockchain news writer with four years of experience. Known for accuracy, in-depth analysis, and a clear, engaging style, Zafar actively participates in blockchain communities. Beyond writing, Zafar enjoys trading and exploring the latest trends in the crypto market.

Recent Posts

This ETH-Based Meme Coin Could Soar 9,900% and Turn $4,000 Into $400,000 Before Ethereum Reaches $10,000

Ethereum is the heart of the decentralized world, enabling all smart contracts, NFTs, and the…

July 29, 2025

Ruvi AI’s (RUVI) CoinMarketCap Listing Sparks Early Ripple (XRP) Excitement, Experts Say It’s This Summer’s Top Altcoin

The crypto world is in a frenzy over Ruvi AI (RUVI), the AI-powered altcoin that’s…

July 29, 2025

What Are JCOIN & JOYCOIN? Jd.com Moves Ahead of Hong Kong’s New Stablecoin Rules

Hong Kong’s stablecoin rules are set to launch this August, and JD.com is quietly making…

July 29, 2025

Corporate Ethereum Treasuries Could Hit 10% of Supply, Says Standard Chartered

Ethereum is entering a new phase of institutional adoption. From treasury strategies to bullish price…

July 29, 2025

Solana (SOL) Set to Hit $400 in 25 Days, While Viral Crypto Below $1 Could Flip $420 into $24,000 Before Cycle Top

Solana (SOL) has surged past $200, sparking excitement in the crypto market. Investors are buzzing…

July 29, 2025

Why Is CFX Coin Soaring Today?

CFX, the native token of Conflux Network, is grabbing attention after a massive price surge.…

July 29, 2025