Galaxy ceo mike novogratz's prediction is for 2026, indicating a long-term outlook rather than an immediate market catalyst. he explicitly states that bitcoin is currently 'stalled' and needs to reclaim $100,000 to gain momentum.
Novogratz is a prominent figure in the crypto space (galaxy digital ceo), which lends some credibility. however, he acknowledges the current stagnation and his past predictions have not always materialized, as noted in the article.
While novogratz is bullish for 2026, his immediate assessment is that bitcoin is 'stalled' and lacks momentum. a significant breakout above $100,000 is required for excitement, suggesting a neutral to sideways movement in the short term based on this analysis.
The core of the prediction explicitly targets '2026' as a potentially great year for crypto, making it a long-term sentiment indicator.
Cover image via U.Today Read U.TODAY on Google News A buy signal Canary in the coal mine Advertisement Galaxy CEO Mike Novogratz has predicted that 2026 could potentially be a great year for crypto. Still, he acknowledges the technical reality that the asset is "stalled." Novogratz claims that Bitcoin would need to reclaim $100,000 in order to start gaining momentum. HOT Stories BlackRock Dumps $214 Million Worth of Bitcoin and Ethereum on Coinbase BREAKING: Strategy’s Average Bitcoin Purchase Price Approaching $75,000 Morning Crypto Report: Bitcoin's 'Uh Oh' Pattern Returns as Zcash (ZEC) Pumps Again, XRP Prints $0 After Short Sellers Disappear, Forgotten Bitcoin Rival May Repeat Silver's 80% Rally If This Pattern Validates There Is No XRP Supply Shock, Top Analyst Says "I need to see it start gaining momentum and break $100,000, and then I would get really excited…but I think crypto could be a good 2026." Advertisement A buy signal In financial markets, extreme apathy often indicates a bottom because it means all the sellers have likely already sold. He views this lack of hype as a bullish setup for 2026 because the market isn't overheated. "I also think that the negativity in crypto is a contrary indicator... macro sentiment on crypto retail Twitter crypto Twitter dead... So, that makes me positive, too," he said. You Might Also Like Tue, 12/23/2025 - 19:10 Bitcoin (BTC): Novogratz Admits He Was Wrong By Alex Dovbnya Advertisement Gold has recorded "monster moves" recently based on macro factors like fear of inflation or currency debasement). However, Bitcoin did not follow suit despite its proponents touting it as "digital gold". Novogratz argues that the fundamental drivers are there, but the price action has not managed "I think crypto has been such an underperformer. It's got the same story as gold, and it hasn't been gold at all this year... It's got all the ingredients…it's not moving yet," Novogratz said. Canary in the coal mine Novogratz has also issued a critical macro warning about Japan. The fifth-largest economy has kept interest rates near zero for decades. Now that their rates are spiking to 2%, it disrupts global markets because cheap Japanese cash has funded investments everywhere else. Novagratz warns this could be a preview of what happens to the US if inflation forces rates higher than expected. "You're seeing Japanese long end [rates]... went from basically 10 basis points... all the way to 2%. So the single largest move in Japanese long-end rates that we've seen in years... that's maybe the canary in the coal mine which might happen in places like the US," he said. #Bitcoin Price Prediction #Mike Novogratz