Bitcoin (BTC) Will Soon Start a Strong Upward Trend, Galaxy Digital CEO Mike Novogratz Predicts

The CEO of Galaxy Digital, a U.S. cryptocurrency asset management company, predicted that Bitcoin (BTC) will soon start a strong upward trend.

Billionaire Mike Novogratz, CEO of U.S. cryptocurrency asset management company Galaxy Digital, predicts that Bitcoin (BTC) will soon begin a strong upward trend.

According to U.S. cryptocurrency media YouTube Day on the 17th (local time), Novogratz stated, "It has moved like MAG8 (big tech) this year, but I think we will start a real rally now."

Pointing out technology analyst John Bollinger's opinion, which was covered by YouTube Day, the media outlet analyzed, "Bitcoin seems to have entered the bottom-up section. According to Bollinger, WTI oil and Bitcoin are showing a 'bottom' in the Bollinger Bands."

Recently, Bitcoin has still decreased by about 10% compared to the beginning of the year. However, despite macro concerns such as recent tariff issues, it is attempting an independent flow by breaking away from some coupling with stocks.

As of 10:30 a.m., Bitcoin is trading at $86,389, showing an increase of 0.81% from the previous day. This marks a recovery from the $74,588 low reached on Wednesday this week and showcases a rebound along with the U.S. stock market. Amid a volatile market atmosphere throughout the week, BTC is demonstrating a strong recovery.

Novogratz has been describing Bitcoin as "digital gold" since the past, and recently urged Schiff, who is known for his anti-Bitcoin leanings, to "recognize that Bitcoin is now an authentic macro asset."

In February, he also emphasized that "the narrative separates winners from noise in the market," and that "strong market beliefs are important."

Experts say Bitcoin is attracting attention as a macro-avoidance asset due to Trump's tariff policy, inflationary pressure and stock market volatility, and the rally could be the beginning of a structural rise.