$1 Million per Bitcoin? Novogratz Thinks It's Inevitable

Bitcoin at zero? That idea is consigned to the museum of legends. At $100,000, some believe the story truly begins. And they are crossing their fingers that the setting doesn’t collapse. Optimism is everywhere, like a scent of revenge. But why so much confidence? What do they see that others don’t perceive? A certain Mike Novogratz thinks he has found the answer. He consulted his charts… and probably his stars.

Novogratz’s Bet: One Million for 1 BTC, Does It Make Sense?

Mike Novogratz, CEO of Galaxy Digital fond of Binance, is not the type to tweet into the void. For him, “bitcoin still has 10 times to climb […] it’s just to reach gold“. He’s not dreaming: he is doing the math. Bitcoin’s market capitalization still remains well below that of the yellow metal. And in this race, BTC starts with a trump card: a fixed supply of 21 million units.

He continues:

Adoption of bitcoin as a macro asset is now like a ball rolling down a hill.

Young investors, institutional giants, corporate treasuries… everyone is on board. Galaxy Digital, his ship, holds over 12,800 BTC. He has also invested in mining and crypto startups.

But beware: behind this beautiful machinery lurks the fear of backlash. Novogratz does not rule out shocks. He observes the dollar melting, politics faltering, and reminds that speculation loves rollercoasters. Even optimists must keep their seat belts fastened, especially if the scenario of bitcoin hitting one million dollars gains ground with continued adoption.

Too Many Prophets for One Bitcoin?

Mike Novogratz is not alone in the ultra-bull club. There is also Michael Saylor, the unbeatable maximalist. He owns more than 580,000 BTC via MicroStrategy. And he keeps hammering that “the bear market is over“. Cathie Wood, on her side, predicts BTC at 2.4 million dollars by 2030. Robert Kiyosaki, more dramatic, sees hyperinflation pushing gold to $25,000… and bitcoin to 1 million.

A fan club of dreamers? Not exactly. All these names manage billions, influence markets, and have proven track records. We could smile at their fiery predictions. But their arguments rely on macro data: dedollarization, financial instability, flight to alternative assets.

One question remains: is their enthusiasm strategic lucidity or merely confirmation bias? Because when you’re fully exposed to BTC, it’s better to believe in it. Dreaming big is also self-persuasion. But when so many voices converge, it’s hard to simply brush it all off.

Keep a Cool Head or Green Light to Dream of BTC?

Back in 2022. Mike Novogratz admitted that “fraudulent and poorly managed projects have eroded trust in crypto“. He did not hide his frustration. Yet, he remained convinced “the industry would strengthen“ after this purge. Today, he puts his chips back on the table. But this time, there is a difference: the signals are better.

The dollar is falling, funds are reorganizing, and BTC holds above $100,000. Can we hope without naivety? He thinks so.

Many BTC have been lost, more than remain to be mined.

Scarcity is tightening. And those who understood it don’t want to wait.

Here’s what the numbers say:

• More than 12,800 BTC are currently held by Galaxy Digital;
• 3% of the total supply is already in the hands of institutional funds;
• $70 billion are managed by the largest Bitcoin ETF;
• Bitcoin has jumped 50% over the last 12 months;
• The symbolic million-dollar ceiling is just a macro leverage effect combined with scarcity.

So yes, dreaming is not forbidden. But keeping a clear mind is essential. Every extra BTC attracts new attention. Every additional dollar weighs heavier. It’s up to each to read the picture… or paint their own trajectory on it.

There are those who aim for the stars, and those who calculate the orbit. In this second group, the Bernstein house keeps a cool head. It does not promise the Moon, but announces a bitcoin at 200,000 dollars this year. A more modest target, but which, in times of great rallies, could well be the most lucid prediction of the moment.