Mike Novogratz, CEO of Galaxy Digital Holdings, believes Bitcoin could reach $30,000 or higher by the end of March, a lower prediction than others he has made in the past. This is due to a slowing of inflation in the United States, as well as the excitement of customers calling and FOMO building up.
Bitcoin has gained nearly 12% in the last 24 hours, reaching its highest level since mid-August 2022, with the Crypto Fear and Greed index rising nine points to 62 out of 100, moving the scale from “neutral” to “greed” territory.
The index hasn’t risen above 60 since mid-November 2021, just before the price crash that ushered in the 2022 crypto winter. Bitcoin will still need to gain another 22% by March 31 to reach the $10,000 mark. Bitcoin will still need to gain another 22% by Mar. 31 to reach Novogratz’s predicted price.
