Galaxy Digital CEO: BTC could recover to $100K by year-end

Bitcoin could recover to $100,000 by the end of the year, according to Mike Novogratz, CEO of the crypto-focused financial services firm Galaxy Digital. He made the remarks in an interview with Anthony Scaramucci, founder of the U.S. hedge fund SkyBridge Capital. Novogratz stated that while he remains confident in BTC's ability to rebound, significant selling pressure could emerge at that price level due to the psychological shock from last month's record-breaking liquidations. He explained that the market will deepen and become more differentiated as crypto policy clarifies and traditional financial firms increase their participation, leading to a restructuring that favors cryptocurrencies capable of providing tangible value.