Novogratz Sees Bitcoin Reaching $1 Million Price and Surpassing Gold’s Massive $22 Trillion Valuation

Key Points

1. Mike Novogratz believes Bitcoin could eventually reach $1,000,000 per coin and replace gold in market value.

2. Gold's total market value is estimated at $22–23 trillion, while Bitcoin's is around $2.3–2.4 trillion.

3. Bitcoin recently hit a record high near $124,000, driven by expectations of Fed easing and increased institutional investment.

4. Novogratz's prediction is based on Bitcoin's long-term price appreciation and potential market-cap growth relative to gold.

5. The comparison between Bitcoin and gold assumes current market frameworks for both assets.