Could Bitcoin Really Hit $1 Million? Novogratz Thinks So — Here’s Why

Bitcoin at $1 million? For Galaxy Digital CEO Mike Novogratz, that number is more than a fantasy. In a recent interview with Schwab Network, the crypto billionaire shared why he believes Bitcoin could soar to such heights — and what could get it there.

A Generational Wealth Shift

Novogratz points to a fundamental transformation in global investing: the ongoing transfer of wealth from baby boomers to millennials and Gen Z. “Warren Buffett is retiring. Charlie Munger has passed,” he said. “They never liked Bitcoin. But I bet their grandkids do.”

According to Novogratz, younger generations are far more inclined to favor digital assets over traditional ones like gold. With gold’s market cap hovering around $23 trillion and Bitcoin’s at just $2.1 trillion, he sees room for Bitcoin to not just catch up — but possibly surpass gold over the next 8–10 years.

His Own Bitcoin Bet

Novogratz’s conviction isn’t just theoretical. After leaving Fortress Investment Group following a high-profile hedge fund loss in 2015, he bet big on crypto. That led to the founding of Galaxy Digital in 2017, turning him into one of crypto’s wealthiest and most vocal supporters. He started accumulating BTC in 2013 — and never looked back.

Recently, he predicted Bitcoin could reach $150,000 in the near future. But the million-dollar mark? For Novogratz, that’s the long game.

The Bigger Picture

While skeptics may scoff at the idea of Bitcoin rivaling gold, Novogratz argues that the tide is turning — not through speculation, but generational conviction. If digital assets continue gaining institutional traction, and younger investors maintain their preferences, Bitcoin’s potential ceiling could be much higher than most expect.

Buy, Hold, or Just Watch?

For those watching the market, this kind of bold forecast may stir FOMO — or skepticism. Either way, it adds fuel to the ongoing debate: Is Bitcoin the digital gold of the future, or just a volatile asset on a hype-driven ride?