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Galaxy Digital CEO Mike Novogratz forecasts Bitcoin could surge to $1 million, driven by growing adoption and a weakening US dollar. He highlights institutional interest and generational shifts as key catalysts for BTC’s long-term rise.
- Novogratz cites institutional adoption (e.g., BlackRock, Invesco) and macro instability as key drivers for Bitcoin's potential $1M valuation.
- Younger generations are expected to favor Bitcoin over gold, accelerating demand during the ongoing wealth transfer from baby boomers.
- Bitcoin's current $2 trillion market cap versus gold's $20 trillion suggests substantial growth potential if BTC captures a larger share of the store-of-value market.
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