Galaxy Digital CEO "Bitcoin (BTC) underperformed this year, but performance expected next year"
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- Mike Novogratz, CEO of Galaxy Digital, said Bitcoin showed a performance below expectations this year.
- Novogratz said Bitcoin structurally has upward factors but the market has not reflected them.
- He emphasized that Bitcoin recovering the 100,000 dollar level is important for a full-fledged rise.
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
Bitcoin (BTC) showed a performance below expectations this year, but there is a forecast that a rebound may be possible next year.
On the 29th (local time), according to crypto asset (cryptocurrency) specialist media U.Today, Mike Novogratz, CEO of Galaxy Digital, said, "The crypto asset market as a whole performed below expectations this year," and "In particular, Bitcoin has a narrative similar to gold, but it did not show price movements like gold."
He explained that, structurally, Bitcoin has upward factors but the market has not yet reflected them. Novogratz said, "Personally, there are enough factors for Bitcoin to rise, but it just hasn't moved yet."
He then viewed the recent spread of negative public sentiment about crypto assets positively. He said, "The more pessimistic the market is, the more opportunities are created," and predicted, "2026 could be a meaningful year for the crypto asset market."
However, Novogratz added that for Bitcoin to enter a full-fledged upward phase, it is important to recover and surpass the 100,000 dollar level. He identified that price level as the key breakpoint for forming upward momentum.
