• Galaxy Digital CEO Mike Novogratz believes Bitcoin (BTC) could reach $30,000 by the end of March.
• The prediction is lower than others Novogratz has made in the past.
• He attributed Bitcoin’s recent positive price action to a slowdown in U.S. inflation.
Galaxy Digital CEO Predicts Bitcoin Could Reach $30K This Quarter
Recent positive Bitcoin price action has been linked to a slowdown in U.S. inflation, and Galaxy Digital Holdings CEO Mike Novogratz thinks the price rally could sustain until the end of March.
Novogratz’s Past Predictions
Novogratz once believed that Bitcoin could reach $500,000 by the end of 2027 if the United States Federal Reserve kept hiking interest rates.
Fed Interest Rate Hikes
During Wednesday’s conference, Novogratz again made mention of the rate hikes by Fed chair Jerome Powell, who most recently announced an interest rate hike of 25 basis points on Feb. 1.
Impact on BTC Price
Novogratz said he didn’t expect the Fed to change its tune anytime soon and believes there’s a chance Bitcoin (BTC) could return to $30,000 or above before the end of March.