Galaxy Chief: Bitcoin under $125K before New Year?

INFBusiness
06.11.2025
News

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Galaxy Digital, the crypto and investing firm headquartered in New York and established by Mike Novogratz, has reported its most successful quarter ever. The organization achieved revenues of $29 billion in the last quarter, bolstered by a surge of 140 percent in trading activity.
Novogratz discusses the achievement and the present state of the market in an interview. “This quarter embodies seven years of dedication to cultivating reliability with our clientele and within the marketplaces,” states the Galaxy CEO.
Simultaneously, Novogratz shares his perspective on Bitcoin’s latest value fluctuations. Although the cryptocurrency displayed a robust beginning to the year, peaking at $126,000 in early October, the market is presently undergoing a phase of stabilization.
The drastic decrease resulted from substantial deleveraging, which led to the liquidation of numerous players in the market. “That’s detrimental to markets as it depletes available capital. However, it does eliminate excessive leverage, fostering greater stability in the long term.”
He asserts that Bitcoin’s core principles remain unchanged: “Providing that governments continue to overspend, Bitcoin will persist in being viewed as a safeguard against the decline in value of fiat currencies.”
Novogratz anticipates a period of consolidation between $100,000 and $125,000 for the foreseeable future. A consistent breakthrough to higher levels would require either the enactment of crypto legislation in Washington or a shift in the Federal Reserve Board’s stance towards a more accommodative monetary approach.
Novogratz is wary regarding the exceptionally optimistic value projections put forth by other market observers – for instance, $250,000 according to Tom Lee. He posits that substantial developments would be necessary to generate the required impetus by year’s end.
He observes an atmosphere characterized by significant political instability: encompassing governmental impasses, internal discord, and also considerable liquidity alongside robust investor demand in technology and AI stocks. In the intermediate future, these elements could potentially elevate Bitcoin’s value.

Recommended video: Will Bitcoin fall below $100,000? Why the market could soon shock everyone.