$BTC Reaches $1 Million if Gold Replacement Trend Continues, Says Novogratz


Galaxy Digital CEO Mike Novogratz predicts that $BTC could achieve $1 million valuations by replacing gold as the primary store of wealth.


The cryptocurrency would need to increase tenfold to match gold's current market capitalization, according to Novogratz's analysis.


Younger demographics increasingly prefer $BTC over traditional precious metals for long-term value storage.


Corporate treasury adoption accelerates as companies, sovereign wealth funds, and retail investors embrace $BTC as a macro asset.


BlackRock's spot $BTC #ETF demonstrates institutional acceptance, holding approximately 3% of $BTC total supply worth over $70 billion.


Novogratz cites easier access methods and growing adoption momentum as key drivers behind his #bullish projections.


Galaxy Asset Management raised $113 million for crypto venture investments, positioning the firm to benefit from broader market growth.


The company operates significant mining facilities in Texas and maintains holdings of approximately 12,830 $BTC worth over $1 billion.

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June 13, 2025 at 2:17 PM
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