The post Bitcoin to Hit $1 Million? Crypto Billionaire Mike Novogratz Explains Why It’s Possible appeared first on Coinpedia Fintech News
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.