Bitcoin Magazine Bitcoin Will Replace Gold And Go To $1,000,000, Says Galaxy Digital CEO Mike Novogratz Today, Galaxy Digital CEO Mike Novogratz told CNBC that Bitcoin is on a path to replace gold and could eventually reach a value of $1,000,000. JUST IN: Galaxy Digital CEO told CNBC that Bitcoin will replace gold and go to $1,000,000 pic.twitter.com/Tf831LBt1h— Bitcoin Magazine (@BitcoinMagazine) June 12, 2025 “Bitcoin has become a macro asset,” said Novogratz. “And some of the great things is most people have it on their screens next to gold and silver and the S&P. And you think back ten years ago when people thought we were crazy. And now it’s an institutionalized macro asset… It’s just becoming institutionalized.” He emphasized that Bitcoin is no longer a fringe investment but part of the mainstream financial landscape. He pointed out that its volatility is now seen as normal compared to traditional assets. “We are in a dollar bear market. For the last 15 years, American exceptionalism was the story. Europeans were widely overweight and Asians widely overweight the US stock and we have an administration that wants a weaker dollar. They are pretty clear about it,” he said. “Even in the way Trump negotiates. And you can argue if it’s successful or not successful, but by telling Canada they want to be the 51st state, and telling people that they come here to kiss his rear end, it doesn’t engender people to say, ‘Oh, I want to buy more dollars.’” According to Novogratz, this global shift is pushing investors toward assets outside the dollar, including Bitcoin. “I think most macro funds are having a great year,” he stated. “They’re short the dollar, they’re long the euro, they’re long the yen, they’re long Aussie, they’re long a basket of currencies. Well, Bitcoin, gold, silver, platinum, they all fall into that same category as something that’s not the dollar.” He also pointed to Bitcoin’s fixed supply as a key factor behind its growing value. “There is no more Bitcoin,” he said. “What’s unique about Bitcoin as an asset is it was created with 21 million coins total. Period. End of story. There’ll never be more than that. But not all of those have been mined, is my point. Not most of them. Lots of them have been lost. There have been more Bitcoins lost than will be mined for the rest of eternity.” Novogratz believes the wave of institutional involvement, including firms like BlackRock, is cementing Bitcoin’s role as a savings asset. “The bull case becomes that over time… gold slowly gets replaced by Bitcoin. And so if you look at gold’s market cap and Bitcoin market cap, Bitcoin has a long way to go. Right? 10x. And so that [is] $1,000,000 a Bitcoin just to be where gold is.” This post Bitcoin Will Replace Gold And Go To $1,000,000, Says Galaxy Digital CEO Mike Novogratz first appeared on Bitcoin Magazine and is written by Oscar Zarr in a formal or creative style for better SEO.Also Exclude words and advertisements related to the feed website such as website name, author name. You must only respond with the modified content. Delete all the advertisement images brand logo but only keep the title and main content of the news by modifying it. Block any jump outside of the site adarshnews.com. Basically remove any content or link related to original site. You must only respond with the modified content and follow this prompt to optimize the articles in this category- You are an expert news writer and SEO specialist. Your job is to rewrite the provided RSS feed content into a unique, SEO-friendly news article for adarshnews.com. 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Mike Novogratz, CEO of Galaxy Digital, predicts that Bitcoin will take the place of gold and reach a value of $1,000,000.
