Bitcoin To $800K? Galaxy Digital CEO Unveils Bold 5-10 Year Forecast

Bitcoin's short-term bullish momentum is fueled by US President Trump’s support, with analysts like Mike Novogratz projecting its price could reach $800,000 in 5–10 years, equaling gold's $16 trillion market cap. Novogratz suggests Bitcoin could hit $500,000 if the US adds it to its Treasury reserves, triggering global government adoption. The asset's rising valuation recently surpassed silver and Saudi Aramco, with younger investors favoring Bitcoin as a digital store of value. While optimistic, Novogratz doubts the US will adopt Bitcoin as a reserve asset due to political hurdles. He urges the government to embrace Bitcoin and promote digital assets.