Bitcoin Eyes $150K as Gold Comparison Fuels Rally
Mike Novogratz says Bitcoin could hit $130K–$150K soon, eyeing gold's $22T market cap as a sign of growth potential.
- Bitcoin market cap hits $2 trillion, far below gold’s $22 trillion
- Mike Novogratz predicts a price move to $130K–$150K
- Market could enter price discovery phase after next surge
Bitcoin’s Rise: Gold Comparison Sparks Bullish Outlook
Veteran investor and Galaxy Digital CEO Mike Novogratz has stirred the crypto community with his bold prediction: Bitcoin could soon climb to the $130,000–$150,000 range. With Bitcoin’s current market cap at around $2 trillion and gold standing strong at $22 trillion, Novogratz believes there’s still plenty of room for Bitcoin to grow.
The comparison between Bitcoin and gold isn’t new. Both are seen as stores of value, but the digital nature of Bitcoin makes it more portable, verifiable, and arguably more attractive to younger investors. If Bitcoin captures even a fraction of gold’s market dominance, a surge to six-figure prices is not out of the question.
Price Discovery: What Happens Beyond $150K?
According to Novogratz, once Bitcoin hits the $130K–$150K range, it will enter a new phase called price discovery. This is when an asset reaches uncharted territory, and market forces determine its new value without historical resistance levels.
In price discovery, investor psychology plays a big role. Demand may spike rapidly due to fear of missing out (FOMO), institutional entries, and increasing media attention. If Bitcoin enters this stage, its valuation could rise even faster, driven purely by supply and demand dynamics.
Is Bitcoin Gaining on Gold?
Bitcoin’s current $2 trillion value is less than 10% of gold’s $22 trillion market cap. Still, Bitcoin has a fixed supply, growing adoption, and strong momentum. Novogratz’s comment highlights the belief that Bitcoin could take a larger slice of the global “store of value” pie.
This narrative could appeal to both retail and institutional investors looking for alternatives to traditional hedges like gold. While price predictions should be taken with caution, the optimism from seasoned players like Novogratz adds fuel to Bitcoin’s current rally.
Read Also:
- Coinbase Acquires 40+ Crypto Startups in Bold $10B Push
- Crypto Twitter Melts Down as BlockDAG Leak Hints at Kraken & Coinbase Listings! Is BlockDAG About to Go Mainstream?
- Lily Liu Unveils Solana’s Tokenized Blockchain Assets Vision
- Bitcoin Rally Stalls Below $115K Amid Weak Demand
- SharpLink Moves $200M ETH to Linea for Treasury Strategy
