Key Takeaways
- • Galaxy Digital CEO Mike Novogratz told Anthony Scaramucci on All Things Markets that Bitcoin could finish 2026 near $100,000, with Bitcoin trading around $84,000 when the conversation was recorded.
- • Novogratz believes the $60,000 area marks the low of the current cycle, and says the worst of the latest downturn may already be over.
- • His near-term focus is the $80,000 level on a weekly closing basis, which he says Bitcoin has tested several times and must hold; he does not rule out a retest of the upper-$70,000 range.
- • Novogratz argues Bitcoin remains distinct from the broader crypto market and that much forced or motivated selling has already occurred.
Summary
Galaxy Digital CEO Mike Novogratz said Bitcoin could finish 2026 near the psychologically significant $100,000 level, according to a conversation with Anthony Scaramucci on the All Things Markets program, as reported by Cryptonews.net. Novogratz argued that the worst of Bitcoin's most recent downturn may already be behind it, describing the move toward the $60,000 area as the low of the cycle.
At the time of the recording, Bitcoin was trading around $84,000. Novogratz characterized the current range as $80,000 to $100,000, noting that the asset could dip toward roughly $78,000 before recovering. "I would not be surprised if we end the year close to 100, having gone through it," he said, a scenario that would imply Bitcoin returning to six figures by year-end 2026.
Novogratz's near-term focus is the $80,000 level on a weekly closing basis. He said that holding $80,000 on a weekly close is important, adding that the level has been tested a couple of times. He does not rule out a revisit of the upper-$70,000 range before a further advance.
Novogratz also stressed that Bitcoin differs from the broader cryptocurrency market, saying it "actually drives a lot of the energy" across the sector. He added that many participants who needed to sell have already done so, which he cited as a factor supporting the market. The remarks are forward-looking price views from a single market participant and are presented here as his opinion.
At the time of the recording, Bitcoin was trading around $84,000. Novogratz characterized the current range as $80,000 to $100,000, noting that the asset could dip toward roughly $78,000 before recovering. "I would not be surprised if we end the year close to 100, having gone through it," he said, a scenario that would imply Bitcoin returning to six figures by year-end 2026.
Novogratz's near-term focus is the $80,000 level on a weekly closing basis. He said that holding $80,000 on a weekly close is important, adding that the level has been tested a couple of times. He does not rule out a revisit of the upper-$70,000 range before a further advance.
Novogratz also stressed that Bitcoin differs from the broader cryptocurrency market, saying it "actually drives a lot of the energy" across the sector. He added that many participants who needed to sell have already done so, which he cited as a factor supporting the market. The remarks are forward-looking price views from a single market participant and are presented here as his opinion.
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