cryptd.in

암호화폐 친화적인 인재를 위한 대체 링크드인

Two Forces Can Launch Bitcoin To $1 Million, Says Mike Novogratz

-

by

cryptd.in
in

Mike Novogratz believes Bitcoin’s path to $1 million is powered by two engines—grassroots adoption and an unforgiving macroeconomic backdrop—and he would rather the ascent be measured than manic. “Bitcoin has two vectors that drive its valuation. One is adoption, right? How many people get orange-pilled? And the other is the macro environment,” the Galaxy CEO told Natalie Brunell in an August 12 interview on Coin Stories, adding that persistent fiscal profligacy across major economies remains a powerful tailwind.

Novogratz Sees $1M Bitcoin Ahead

Novogratz framed today’s market as the product of a decade of cultural and institutional conversion. On the cultural side, he argues that the social consensus around Bitcoin is now self-sustaining: “Some collection of first kooky people and then less kooky people and then all of us a little have successfully orange-pilled enough people that Bitcoin has value because we say it does.” On the institutional side, he singled out the moment the chief executive of the world’s largest asset manager embraced the asset class. “There’s before Larry Fink and after Larry Fink,” he said, praising the conversion of a once-skeptical standard-bearer as the symbolic turning point: “He blessed it as a real asset and it’s on the screen of every macro trader in the world.”

The second engine is macro. Here Novogratz is blunt. He expects continued fiscal deterioration—regardless of political promises—to keep debasing fiat and, by extension, underwriting Bitcoin’s scarcity premium. “We have governments that can’t keep their pants on. They spend more money than they should… And you know what? The deficit’s going to be higher, not lower,” he said. In his telling, Bitcoin functions as both “report card” and governor on policymaking: the worse the stewardship, the stronger the bid for digital gold.

The destination, in his view, is not in doubt. The route matters. “I think we will get to a million. I just hope we get there slowly,” Novogratz said. A disorderly sprint to seven figures, he warned, would likely reflect domestic or global dislocation: “People that cheer for the million-dollar Bitcoin price next year… it only gets there if we’re in such a [shitty] place domestically.” He prefers a glide path where adoption compounding meets macro drift, not panic.

That stance informs his take on Bitcoin’s role and narrative. He wants Bitcoin to “stay in its lane” as digital gold—“the blockchain tailor-made for money”—and resists efforts to make it all things to all use cases. “The narrative is so clean when you say it’s digital gold,” he said, arguing that clarity invites the broadest acceptance from institutions and the public. That clarity has already translated into infrastructure: 현물 ETF and traditional-market rails that deepen liquidity and lower frictions for allocators.

Liquidity, he noted, has scaled to the point where even very large transfers can be absorbed with limited impact. Without naming the client, he acknowledged Galaxy’s execution of a high-profile sale of 80,000 BTC in the interview and observed that “the market held up very well… it barely made a blip.” For him, the episode illustrates the maturing of Bitcoin’s market structure—precisely the condition needed for large treasuries, lenders, and derivatives desks at “traditional firms [that] are going to start by lending against Bitcoin and Ethereum” to participate without destabilizing prices.

Cycle-wise, Novogratz still sees room to run, though he is watching for signs of froth. “We’re getting five calls a week on new… balance sheet companies. At one point that’s what bubbles feel like,” he said. Even so, his “gut feeling” is for “one more leg up” with a potential ramp into the fourth quarter, helped by perceptions of an increasingly dovish Federal Reserve. He also reminded listeners that “the last gasp of the bull market is often the most violent upward… and we’re not there yet.”

Despite his decades as a macro trader, Novogratz anchors his own crypto allocation with conservative asymmetry: “People ask me all the time… I’ve been roughly 70/30—70% Bitcoin, 30% other.” For newcomers outside crypto, he now sees room for materially higher exposure than in years past, citing the industry’s maturation. But all roads, in his framing, still lead back to Bitcoin’s dual-engine thesis: broaden the tent and let macro do the rest.

“Adoption means orange-pilling people,” he said. “The more people we have bringing people into the tent, the price goes up.” The macro engine is unlikely to stall any time soon. The combination, he argues, is what ultimately propels Bitcoin to seven figures—ideally by steady climb, not crisis.

At press time, BTC traded at $119,743.

Bitcoin price

댓글

답글 남기기

이메일 주소는 공개되지 않습니다. 필수 필드는 *로 표시됩니다

최신 피드

인기 카테고리

ko_KR 한국어
ko_KR 한국어 en_US English ro_RO Română et Eesti ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français zh_TW 繁體中文 pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

웹사이트 검색

인기 스토리

태그

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #B비트코인 (377) #BitcoinETF (3) #B비트코인기초 (1) #B비트코인 취급 (1) #B비트코인가격 (5) #B비트코인가격수준 (1) #B비트코인펌프 (1) #B비트코인예치 (1) #B비트코인서지 (1) #BitcoinTop (1) #Bitfinex (1) #B비트 단위 (1) #브레이스브리지캐피털 (1) #BRC20토큰 (1) #BTC취득 (1) #B울리스틱 예측 (1) #BullishSentiment (1) #C중국광업 (1) #CPIP리뷰 (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPredictions (1) #CryptoRegulation (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty (1) #DerivativeJump (1) #Dogecoin (65) #DogecoinGains (1) #DogecoinVolume (1) #DutchCourt (2) #ECommerce (1) 1TP5테엘살바도르비트코인 (1) 1TP5테더리움 (64) 1TP5테더리움통증 (1) 1TP5테더리움가격 (1) 1TP5전문가 의견 (1) #FedRateCut (1) #FiatCurrency (1) #FinancialImpact (1) #FinancialPrivacy (1) #FirmShutdown (1) #FrozenAccounts (1) #IllicitFunds (1) #인플레이션데이터 (1) #투자 (1) #투자손실 (1) #일본기업 (1) #LegalAction (1) #LegalImpact (1) #법률 (1) #라이트닝 네트워크 (1) 1TP5시장분석 (3) 1TP5시장 모니터링 (1) 1TP5시장 예측 (1) 1TP5시장 예측 (1) #MarketProjection (1) 1TP5마켓지원 (1) 1TP5시장변동성 (1) #M결혼 (1) #MemeCoin (5) #MemeCoins (2) #M광부수익성 (1) #MoneyLaundering (2) #MtGox (3) 1TP5북한암호화 (1) 1TP5노보그라츠예측 (1) #P가격 마일스톤 (1) #P가격 예측 (2) #P가격 질문 (1) #PriceSurge (1) #P형량 (1) #QuantAnalysis (1) 1TP5규제압력 (1) #SEC안티크립토 (1) #ShibaInu (5) #SocialBuzz (1) 1TP5기술분석 (1) #Toncoin (3) #TornadoCash (3) #TornadoCashDev (1) 1TP5토네이도캐시개발자 (1) #UKCrypto (1) #업사이드 잠재력 (1) #USCongress (1) #와이오밍랜드 (1) #XRP가격 (1) #XRP업스윙 (1)

유용한 링크

유용하다고 생각되어 공유하고 싶은 링크.