Mike Novogratz: the crypto market will not be stable until bitcoin reaches $ 100,000

The discussion between two well-known Wall Street figures, Mike Novogratz (Galaxy Digital) and Anthony Scaramucci (SkyBridge Capital), set a new tone in the discussion about bitcoin BTC $89,856.70 Mezo Wrapped BTC 0.62% Market capitalization $51 million VOL. 24 hours $0.37 billion , focusing not only on the price of the flagship crypto market, but also on the change in the culture of investing. At the Open Book program, both participants noted that speculation has long ceased to be a marginal phenomenon and has become a commonplace element of modern markets.

According to Novogratz, the current dynamics of BTC is not a collapse, but a «slow recovery.» He believes that the market won’t see a real shift in sentiment until bitcoin exceeds the $ 100,000 mark and can stay above it long enough to convince investors that the level is sustainable. Until then, the six-figure price will remain a psychological ceiling that traders are hesitant to break through.

Despite the short-term barrier, Novogratz sees long-term potential in turning traditional wealth management channels into a major source of growth. He emphasized that even a slight reallocation of assets among wealthy Americans — for example, investing only 3% of a portfolio in digital assets — could create capital inflows of up to $ 1.5 trillion.

The final part of the discussion touched on political risks. Novogratz warned that if the Donald Trump administration puts pressure on the Federal Reserve, confidence in the bond market could suffer. Such instability, he emphasized, could spill over into the cryptocurrency sector.

Today, bitcoin is balancing between resistance and recovery. Its movement towards a new high may depend not so much on traders' speculation as on institutional capital flows — and on political signals coming from Washington.