Mike Novogratz, CEO of Galaxy Digital, believes Bitcoin is on a trajectory to replace gold, predicting a potential value of $1,000,000. He emphasizes that Bitcoin is now recognized as a macro asset, with its volatility becoming normalized among traditional investments. In the current dollar bear market, Bitcoin, along with metals like gold and silver, is appealing to investors seeking alternatives to the weakening dollar. Novogratz also highlights Bitcoin's capped supply of 21 million coins as a crucial factor driving its intrinsic value and demand.
Bitcoin is becoming a macro asset, part of the mainstream financial landscape, as its volatility is now normal compared to traditional assets.
We are in a dollar bear market, and this shift is pushing investors toward assets outside the dollar, including Bitcoin.
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