Bitcoin To $200K? Galaxy Digital CEO Reveals The ‘Biggest Bull Catalyst’
The worth of Bitcoin has had a blended efficiency up to now in 2025, falling to a low of round $74,000 within the first quarter of the yr. The premier cryptocurrency has since set a number of all-time highs above the $120,000 mark over the previous few months.
However, whereas the Bitcoin worth appears to have fallen into a consolidation phase in latest weeks, the overall feeling available in the market has all the time been that there stays an upside potential for the market chief. Galaxy Digital CEO Mike Novogratz has come ahead to echo these sentiments whereas figuring out the “greatest catalyst” to kickstart a possible rally.
‘Exceptionally Dovish’ Fed Chair Could Guide BTC To $200,000: Novogratz
In a latest interview with Kyle Chasse on YouTube, Novogratz shared that the following main transfer for the Bitcoin worth may hinge on the potential alternative of US Federal Reserve (Fed) Chair Jerome Powell. According to the Galaxy Digital CEO, the BTC worth may go on a big rally if the following Fed chair is exceptionally dovish.
Novogratz revealed that the appointment of a dovish Fed chair is the potential greatest bull catalyst for Bitcoin and the crypto market. The CEO affirmed that the dialog adjustments for the world’s largest cryptocurrency, which may reach as high as $200,000, if there’s a management change.
For context, a dove refers to a policymaker or advisor (sometimes within the Federal Reserve) who takes a looser financial stance, together with rate of interest cuts, in a bid to develop the financial system.
The US Fed chopping rates of interest is often bullish for crypto and different threat belongings, because it implies that conventional funding devices like bonds supply much less profitable returns. Hence, buyers are inclined to flock to digital belongings and the equities market.
However, Novogratz famous the potential affect of aggressive price chopping on the US greenback. While decrease rates of interest are often constructive for threat belongings like Bitcoin, it has the alternative impact on the greenback market.
The Federal Reserve introduced a rate cut of 25 basis points (25bp) after the Federal Open Market Committee (FOMC) assembly in September. This resolution—first of its form this yr—is predicted to be the primary of a pair extra price cuts to come back earlier than the tip of 2025.
Bitcoin Price At A Glance
While the Bitcoin worth responded positively to the Fed’s resolution to chop charges in September, the premier cryptocurrency has struggled to construct on the macro-driven momentum. As of this writing, BTC is valued at round $109,570, reflecting a mere 0.1% decline prior to now day.
