Galaxy Digital Founder: Bitcoin Could Return to $100,000 by Year-End, But Will Face Significant Selling Pressure

BlockBeats News, November 27th, Mike Novogratz, founder of the well-known cryptocurrency investment firm Galaxy Digital, stated in a podcast that he still believes Bitcoin can return to $100,000 by the end of the year, but there will be significant selling pressure at that time. This is because the "1011" crash had a midterm psychological impact on the market.

At the same time, Novogratz mentioned that with the clarity of crypto regulations and the entry of traditional financial giants, the market will undergo deep differentiation in the future, favoring tokens that can provide value.