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Galaxy Digital CEO Mike Novogratz predicts Bitcoin could surge to $1 million per coin if institutional demand continues. The cryptocurrency recently hit a weekly high of $110,290, reflecting growing investor interest. Novogratz highlights BlackRock’s Bitcoin ETF and corporate adoption as key drivers.
- BlackRock’s Bitcoin ETF (IBIT) provides institutional investors an easy entry into crypto without direct coin ownership.
- Corporate and sovereign wealth funds are adding Bitcoin to balance sheets, reducing its available supply.
- Bitcoin’s fixed 21 million supply contrasts with gold’s annual mining growth, potentially boosting its long-term value.
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