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Learning & News => News related to Crypto => Topic started by: sirty143 on March 11, 2024, 02:34:49 AM

Title: Galaxy Digital CEO Anticipates BTC Reaching $100K This Year Citing 'Runaway Mome
Post by: sirty143 on March 11, 2024, 02:34:49 AM
Galaxy Digital CEO Anticipates BTC Reaching $100K This Year Citing 'Runaway Momentum' in Spot Bitcoin ETFs

Galaxy Digital CEO Mike Novogratz firmly believes that bitcoin will reach $100K this year. “Right now there are more buyers and sellers,” he explained, adding that there is “runaway momentum” in bitcoin exchange-traded funds (ETFs). In addition, he pointed to a “new phase of bitcoin”... See more for yourself here (https://news.bitcoin.com/galaxy-digital-ceo-anticipates-btc-reaching-100k-this-year-citing-runaway-momentum-in-spot-bitcoin-etfs/).

Your opinion is greatly appreciated.
Title: Re: Galaxy Digital CEO Anticipates BTC Reaching $100K This Year Citing 'Runaway Mome
Post by: joniboini on March 11, 2024, 01:29:46 PM
So many $100k news predictions lately. It makes me think that the short-term top is quite near. It looks like these people are preparing for the eventual retail funds to enter and pump the market shortly after they break through the $100k barrier and then take profits soon after. The ETF and halving narratives are being pumped regularly too. Good thing I'm already prepared with some exit target so that I don't fall into another trap.
Title: Re: Galaxy Digital CEO Anticipates BTC Reaching $100K This Year Citing 'Runaway Mome
Post by: Lucius on March 11, 2024, 05:14:09 PM
Quote from: sirty143 on March 11, 2024, 02:34:49 AM
~snip~
Your opinion is greatly appreciated.

It is my opinion that people like Mike who actively participated in promoting one of the biggest crypto scams in history (Terra/Luna) should not be giving public opinions that can be taken as financial advice. I would recommend that every time he wants to say something, he looks at his shoulder tattoo and thinks about starting gardening or something similar that is not so stressful and will not cause financial losses to other people.

In addition, Bitcoin at $100k is not a great wisdom, anyone who looks at the price today and back the past 2 months can draw the same conclusion if they know what is happening right now.
Title: Re: Galaxy Digital CEO Anticipates BTC Reaching $100K This Year Citing 'Runaway Mome
Post by: Aanuoluwatofunmi on March 11, 2024, 05:35:34 PM
With another unveiling of a new all time high for bitcoin we have experienced today, bitcoin is more likely to get to its all time high of about $100,000 this year and by next year we move to another height of all time high, we should expect it coming in a new dimension this time as the way we may never expect the market moving or the high we never expect it getting to, bitcoin is becoming more interesting than ever before with the start of this year bullrun.
Title: Re: Galaxy Digital CEO Anticipates BTC Reaching $100K This Year Citing 'Runaway Mome
Post by: yhiaali3 on March 11, 2024, 06:59:03 PM
Such statements are no longer surprising at the present time, these statements were exciting when the bitcoin price was low but at the present time with the height of bitcoin and exceeding the previous ATH as Bitcoin is currently being traded at a price of  72567$, this is no longer surprised at all.

With the momentum that we are currently seeing in the market and the purchase pressure despite all this height and exceeding the previous peak, it has become evident that Bitcoin will exceed 100K$ in a short period, perhaps before Halving as well.
Title: Re: Galaxy Digital CEO Anticipates BTC Reaching $100K This Year Citing 'Runaway Mome
Post by: Baofeng on March 19, 2024, 11:18:23 PM
Well I'm no longer surprise with this prediction, I mean everyone is on-board with 6 digits as the conservative price for this crazy  bull run that we are going to see in the next couple of months going into next year.

And it's obvious coming from a personality that has a lot of investment in Bitcoin and has a company related to crypto. But be surprise if he talks otherwise and make a U-turn and his predictions are totally contradictory. But just like any other entities, they have their own narrative behind to condition everyone with their prediction of a 6 digit and maybe it will happen eventually.
Title: Re: Galaxy Digital CEO Anticipates BTC Reaching $100K This Year Citing 'Runaway Mome
Post by: Z-tight on March 19, 2024, 11:33:03 PM
This is not a new prediction and i am sure anybody who has a very little understanding of what is going on in the BTC market should be able to easily predict that BTC would reach $100k this year. I feel that some of these people who make known predictions like this public are just trying to draw attention to themselves, they know the media would pick it up, so they can stay kind of relevant through it, for a short time.
Title: Re: Galaxy Digital CEO Anticipates BTC Reaching $100K This Year Citing 'Runaway Mome
Post by: SamReomo on March 20, 2024, 07:17:23 PM
I think Galaxy Digital CEO is right with his prediction, Bitcoin has higher chance of reaching $100k this year if previous rally like rallies continue to take place 3-6 times. The ETF backed companies will mass purchase Bitcoin after the halving event, and the MicroStrategy is also going to purchase more Bitcoin overtime.

I believe in their prediction and I think it has huge chance of becoming a reality this year. I expect Bitcoin to reach or cross $80k in March 2024 and if it doesn't happen in March then it will surely happen after halving event.