Galaxy Digital Executive Predicts ‘Steady Build’ Before Bitcoin Drives Higher to Six-Figure Price Target

A top Galaxy Digital executive thinks Bitcoin (BTC) will eventually reach $100,000 and beyond this market cycle.

In a new interview with CNBC, Galaxy Digital’s Global Head of Trading Jason Urban says $100,000 for BTC is within the realm of possibility.

Based on Galaxy Digital CEO Mike Novogratz’s $100,000 prediction and Standard Chartered’s recent $150,000 forecast, Urban says he’ll split it down the middle and call for $125,000.

“I certainly think that $100,000 is expected by a lot of, I’ll say, crypto natives. As you know, I’m out here at the Digital Asset Summit in London this week and just talking to a lot of the crypto natives, you know, there really is an underpinning. And then you have a lot of traditional finance players stepping in as well. And so I don’t think $100,000 is off the table.” 

Urban also hopes BTC can reach up to $150,000 after taking some time to rebuild momentum from its recent retracement.

“I certainly hope $150,000 is the right number, but it’s how we get there too that’s important, right? You need healthy price discovery and healthy market action. And so a little bit of a retracement here off of the $73,000 highs, I think you’re going to see a steady build. It’ll build a base in here and then all of a sudden start to really drive higher. So I’ll play the diplomat and say $120,000, $125,000.”

BTC is worth $63,953 at time of writing, down 11% in the last week.

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The post Galaxy Digital Executive Predicts ‘Steady Build’ Before Bitcoin Drives Higher to Six-Figure Price Target appeared first on BitcoinLinux.