Novogratz – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Fri, 12 Sep 2025 17:35:10 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Novogratz – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 SOL Rallies as Novogratz Calls Solana ‘Tailor-Made’ for Financial Markets, Analyst Sees $1,314 Target https://earlybirdsinvest.com/sol-rallies-as-novogratz-calls-solana-tailor-made-for-financial-markets-analyst-sees-1314-target/ https://earlybirdsinvest.com/sol-rallies-as-novogratz-calls-solana-tailor-made-for-financial-markets-analyst-sees-1314-target/#respond Fri, 12 Sep 2025 17:35:09 +0000 https://earlybirdsinvest.com/sol-rallies-as-novogratz-calls-solana-tailor-made-for-financial-markets-analyst-sees-1314-target/

Solana’s SOL rallied above $239 on Friday, extending its sharp September gains, as Galaxy Digital CEO Mike Novogratz described the blockchain as “tailor-made” for global financial markets and analyst Ali Martinez charted a potential path to $1,314.

Martinez, a well-known crypto analyst, highlighted Solana’s breakout from what chart technicians call a cup-and-handle pattern, a formation that often signals the start of a long-term rally.

In his chart, Martinez marked $1,314.41 as the main technical target, using Fibonacci retracement levels to project Solana’s upside. The pattern reflects a multi-year basing structure: Solana’s deep decline in 2022 and 2023 formed the “cup,” while the sideways consolidation of 2024 and early 2025 formed the “handle.”

According to Martinez, the breakout above resistance near $220 validates the structure and opens the way to much higher levels if momentum persists.

Novogratz, speaking on CNBC’s “Squawk Box” Thursday, laid out a sweeping bull case for Solana and crypto more broadly. He began by pointing to treasury companies tied to both ETH and SOL, which he said are raising billions of dollars and bringing “lots of energy and money” into the digital asset ecosystem.

He then pivoted to bitcoin, predicting the world’s largest cryptocurrency should see a surge toward the end of the year.

But his most detailed remarks focused on Solana and the changing regulatory landscape. Novogratz said U.S. SEC Chair Paul Atkins has made clear that he wants all markets to move on-chain, citing a speech earlier in the week where Atkins declared, “On-chain capital markets and agentic finance are on the horizon, and the world is watching.”

As part of that backdrop, Novogratz flagged Nasdaq’s proposal to the SEC to allow tokenized securities to be traded directly on the Nasdaq Stock Market. Combined with the new U.S. stablecoin framework, he argued, crypto finally has both the technology and the regulatory clarity to serve as financial market infrastructure.

On the technology side, Novogratz emphasized Solana’s raw capacity, saying the blockchain can handle 14 billion transactions per day — enough, in his words, “to process all the transactions in equities, fixed income, commodities and foreign exchange combined.” He went on to call Solana a blockchain that is “tailor-made” for financial markets.

Adding it up — scalable infrastructure, a pro-blockchain regulatory stance and billions in new institutional inflows — Novogratz concluded that “this is the season of SOL,” a moment when Solana is positioned to take a leading role as capital markets shift on-chain.

Technical Analysis Highlights (Sept. 11 15:00 – Sept. 12 14:00 UTC)

  • According to CoinDesk Research’s technical analysis data model, SOL gained about 6% in the 24-hour period, climbing from $227.14 to $240.02, with trading volumes reaching 3.66 million contracts.
  • The token broke above eight months of resistance at $220, hitting $240 for the first time since January as institutional buyers added exposure.
  • The strongest rally occurred in the final hour of trading (13:14–14:13 UTC on Sept. 12), when SOL advanced another 1% from $239.92 to $241.17.
  • The most dramatic breakout came just after midnight UTC on Sept. 12, when volume surged to 3.66 million contracts — nearly triple the 24-hour average of 1.46 million.
  • Support was established around $225.50 during early consolidation, while resistance emerged at $240.08, where several rallies initially stalled.
  • Heavy trading volume at $228.78 (3.66 million contracts) confirmed that level as a key support zone.
  • The busiest trading window was 14:09–14:11 UTC, with 214,368 contracts changing hands — nearly six times the typical hourly average.
  • A fresh support level has now formed near $241.17, suggesting buyers are willing to defend higher prices even after the breakout.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

]]> https://earlybirdsinvest.com/sol-rallies-as-novogratz-calls-solana-tailor-made-for-financial-markets-analyst-sees-1314-target/feed/ 0 58096 Billionaire Mike Novogratz Says Ethereum Will Enter Price Discovery If It Takes Out This Level https://earlybirdsinvest.com/billionaire-mike-novogratz-says-ethereum-will-enter-price-discovery-if-it-takes-out-this-level/ https://earlybirdsinvest.com/billionaire-mike-novogratz-says-ethereum-will-enter-price-discovery-if-it-takes-out-this-level/#respond Sat, 26 Jul 2025 10:06:32 +0000 https://earlybirdsinvest.com/billionaire-mike-novogratz-says-ethereum-will-enter-price-discovery-if-it-takes-out-this-level/

Ethereum has been gaining ground in recent times, especially among institutional investors, as they believe that the leading altcoin is set to outperform Bitcoin. This is evidenced by the large buys that have dominated ETH as Ethereum treasury companies become a major player in the space. Amid this, billionaire and CEO of Galaxy Digital Investments, Mike Novogratz, has revealed the important level for Ethereum to beat to enter price discovery.

Ethereum Price Needs To Cross $4,000

În an interview with SquawkBox, Novogratz points to the recent strength of Ethereum amid rapid accumulation as a reason for it being a better bet than Bitcoin. The major reason outlined for why ETH was a better bet than BTC at this point is the fact that Ethereum treasury companies are now becoming a staple, with two ETH treasury companies, such as SharpLink and GameSquare Holdings, among others, already established and more on the way.

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As these companies continue to accumulate ETH, the billionaire explains that with not much supply, the Ethereum price is likely to rise. He also brings up the fact that Ethereum has a very powerful narrative, and the market reaching record short levels has also aided its bullishness.

Given these, Novogratz explained that the Ethereum price is at least destined to knock on the $4,000 level a few times. Also, once the altcoin is able to take out $4,000, then the billionaire believes that the ETH price will enter into price discovery, which could drive it higher.

As Ethereum continues to look like the better bet, he also believes that the altcoin could end up outperforming the Bitcoin price over the next 3-6 months. This gives a short timeframe, especially as Bitcoin has already hit multiple new all-time highs over the past year, and Ethereum is yet to beat its highs from 2021.

ETH Is Already Outperforming Bitcoin

So far, in the month of July, the Ethereum price has greatly outperformed that of Bitcoin in terms of gains, lending credence to Novogratz’s expectations that the altcoin will outperform the pioneer cryptocurrency. According to data from CryptoRank, ETH is up more than 45% this month already compared to the less than 8% on record for Bitcoin.

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Over the last 90 days, as well, the Ethereum price has doubled to put in more than 100% in gains. Meanwhile, Bitcoin’s gains still sit just above 22% for the same time period. Nevertheless, Bitcoin continues to dominate the market, with BTC dominance sitting above 61% and holding altcoin season at bay.

Ethereum price chart from TradingView.com
ETH price moves toward $3,800 | Source: ETHUSDT on TradingView.com

Featured image from Dall.E, chart from TradingView.com

]]> https://earlybirdsinvest.com/billionaire-mike-novogratz-says-ethereum-will-enter-price-discovery-if-it-takes-out-this-level/feed/ 0 49757 Novogratz calls out Schiff’s decade-long Bitcoin blunders https://earlybirdsinvest.com/novogratz-calls-out-schiffs-decade-long-bitcoin-blunders/ https://earlybirdsinvest.com/novogratz-calls-out-schiffs-decade-long-bitcoin-blunders/#respond Sun, 13 Jul 2025 03:41:04 +0000 https://earlybirdsinvest.com/novogratz-calls-out-schiffs-decade-long-bitcoin-blunders/

When Bitcoin skeptic Peter Schiff started yet another rant about Bitcoin today, it was too much for Galaxy CEO Mike Novogratz. As a salty Schiff began calling Bitcoin’s capped supply “meaningless” and “arbitrary,” Novogratz fired back:

“Why do you hate $BTC so much? You have been wrong on it for a decade. A flexible mind is a healthy mind. Admit you were wrong. It’s liberating.”

Schiff, a long-time critic of Bitcoin and the industry’s most infamous goldbug, has built a reputation on his unwavering skepticism toward the world’s number-one crypto. Even as Bitcoin repeatedly sets new all-time highs, recently surging past $118,000, Schiff has doubled down on his bearish outlook, arguing that Bitcoin is “digital fool’s gold” with no real utility compared to precious metals.

The latest silver push

Then last week, as Bitcoin reached historic levels, Schiff publicly advised investors to sell their BTC and buy silver instead. He claimed that silver offered more upside potential and less risk, positioning the current crypto rally as an ideal exit point for Bitcoin holders. In his words:

“With Bitcoin hitting new highs today (in dollars), it’s a great time to sell some and buy silver ahead of silver’s next big leg up.”

Schiff argued that while Bitcoin could “easily crash,” silver’s downside seemed limited, and he predicted a breakout for the metal above $40, possibly accelerating toward $50.

The numbers tell a different story

Despite Schiff’s persistent warnings about Bitcoin being a “Ponzi” and a “scam,” the numbers continue to undermine his thesis. Bitcoin’s market capitalization now stands at well over $2.2 trillion, ranking it above silver globally.

While silver has seen modest gains, Bitcoin’s price appreciation and adoption have far outpaced the precious metal over the past decade. Despite years of similar bearish calls from Schiff, Bitcoin has defied expectations, growing in both value and mainstream acceptance.

Schiff’s track record

Schiff’s repeated predictions of Bitcoin’s demise have become something of a meme within the crypto community. Every time he urges investors to sell, Bitcoin seems to rally further, prompting some to joke that Schiff is the market’s best “contrarian indicator.”

Even when pressed about what would make him admit he was wrong, Schiff has said only a world where Bitcoin replaces all fiat currencies would change his mind; something he insists is as far off now as it was a decade ago.

The Novogratz exchange

Prominent Bitcoin bull, Novogratz, has frequently sparred with Schiff on social media, highlighting the dramatic difference between their outlooks. Novogratz and others in the crypto space have called out Schiff’s missed calls, pointing to Bitcoin’s relentless rise despite constant naysaying from traditional finance figures.

Schiff’s recent call to sell Bitcoin for silver, just as BTC notched new all-time highs, is just the latest in a long series of misjudgments. While silver remains a respected investment, Bitcoin’s performance, adoption, and market dominance have consistently proved Schiff wrong, showing that betting against Bitcoin is a “fools gold” in itself.

Mentioned in this article
]]> https://earlybirdsinvest.com/novogratz-calls-out-schiffs-decade-long-bitcoin-blunders/feed/ 0 47316 Billionaire Mike Novogratz Expects $1,000,000 Bitcoin Price Due to These Two Catalysts https://earlybirdsinvest.com/billionaire-mike-novogratz-expects-1000000-bitcoin-price-due-to-these-two-catalysts/ https://earlybirdsinvest.com/billionaire-mike-novogratz-expects-1000000-bitcoin-price-due-to-these-two-catalysts/#respond Wed, 18 Jun 2025 11:30:38 +0000 https://earlybirdsinvest.com/billionaire-mike-novogratz-expects-1000000-bitcoin-price-due-to-these-two-catalysts/

Galaxy Digital CEO Mike Novogratz predicts Bitcoin (BTC) will one day be worth a whopping $1 million for two main reasons.

In a new interview on the Schwab Network, Novogratz says Bitcoin will eventually increase 850% from its current value due to increased adoption and a weakening US dollar.

“The price moves on two metrics. One is adoption, more and more people being introduced to it. We call it orange pilling them. Somebody orange pilled Larry Fink, that was a big deal, because now he got all BlackRock engaged. In Invesco, our partners engaged, and more and more financial institutions are engaged.

The other is the macro backdrop, which I think continues to be government spending too much money.”

He also believes that younger generations will prefer investing in the top crypto asset over gold, which would send Bitcoin higher.

“And so how do I think Bitcoin can go to a million? Well, gold is roughly a $20 trillion asset, and Bitcoin is roughly a $2 trillion asset. We had Warren Buffett retire. Charlie Munger passed away. They didn’t like Bitcoin. They’re not Bitcoin people, but I bet you their grandkids are right. Kids like digital stuff. And as we have this wealth transfer from baby boomers, who are all, rest their souls, going to slowly pass away and that money gets passed down, they’re going to be more willing to buy Bitcoin than gold.”

Novogratz previously said Bitcoin has become an “institutionalized macro asset” just like gold or silver.

Bitcoin is trading for $105,270 at time of writing, down 2.3% in the last 24 hours.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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]]> https://earlybirdsinvest.com/billionaire-mike-novogratz-expects-1000000-bitcoin-price-due-to-these-two-catalysts/feed/ 0 42716 Bitcoin will replace gold at $1,000,000, says Mike Novogratz, CEO of Galaxy Digital https://earlybirdsinvest.com/bitcoin-will-replace-gold-at-1000000-says-mike-novogratz-ceo-of-galaxy-digital/ https://earlybirdsinvest.com/bitcoin-will-replace-gold-at-1000000-says-mike-novogratz-ceo-of-galaxy-digital/#respond Fri, 13 Jun 2025 11:01:06 +0000 https://earlybirdsinvest.com/bitcoin-will-replace-gold-at-1000000-says-mike-novogratz-ceo-of-galaxy-digital/

Today, Galaxy Digital CEO Mike Novogratz told CNBC that Bitcoin is on the road to exchange money and could ultimately reach $1,000,000.

“Bitcoin has become a macro asset,” Novograts said. “And some of the great things are that most people have it on the screen next to gold and silver and S&P. And you remember ten years ago when people thought we were crazy. And now it’s an institutionalized macro asset… it’s just institutionalized.”

He emphasized that Bitcoin is no longer a fringe investment, but is part of the mainstream financial environment. He noted that the volatility is now considered normal compared to traditional assets.

“We’re in the Dolbear market. For the past 15 years, American exceptionalism has been a story. Europeans are broadly overweight, Asians are broadly overweight in US stocks, and we’re pretty clear about it,” he said. “Even the way Trump negotiates. And we can debate whether it’s been successful or not, but by telling people that they want Canada to be the 51st state and that they’re coming here to kiss his rear end, they don’t say, ‘Oh, I want to buy more dollars.’ ”

According to Novogratz, this global shift is pushing investors into non-dollar assets, including Bitcoin.

“I think most macro funds have had a great year,” he said. “They have short dollars, the euros are long, they are long yen, they are long Australians, long baskets of currencies.

He also pointed out the fixed supply of Bitcoin as a key factor in its increasing value.

“We don’t have Bitcoin anymore,” he said. “What’s unique about Bitcoin as an asset is that it was created with a total of 21 million coins. Period. End of the story. Nothing more. But not all of them were mined. Not my point. Most of them were lost.

Novograts believes that a wave of institutional involvement, including companies like BlackRock, solidifies the role of Bitcoin as a savings asset.

“The bull case will slowly replace gold with Bitcoin over time. So, when you look at the market capitalization of gold and the market capitalization of Bitcoin, Bitcoin has a long way to go.

]]> https://earlybirdsinvest.com/bitcoin-will-replace-gold-at-1000000-says-mike-novogratz-ceo-of-galaxy-digital/feed/ 0 41774 $22,000,000,000,000 Market Cap in Store for Bitcoin (BTC) and Crypto, According to Billionaire Mike Novogratz https://earlybirdsinvest.com/22000000000000-market-cap-in-store-for-bitcoin-btc-and-crypto-according-to-billionaire-mike-novogratz/ https://earlybirdsinvest.com/22000000000000-market-cap-in-store-for-bitcoin-btc-and-crypto-according-to-billionaire-mike-novogratz/#respond Mon, 19 May 2025 05:51:53 +0000 https://earlybirdsinvest.com/22000000000000-market-cap-in-store-for-bitcoin-btc-and-crypto-according-to-billionaire-mike-novogratz/

Galaxy Digital chief executive Mike Novogratz believes the market cap of Bitcoin (BTC) and crypto will eventually catch up to the valuation of one soaring asset.

In a new CNBC interview, the billionaire says that crypto’s correction earlier this year is largely due to an overexuberant investor sentiment along with the launch of speculative assets, including the Official Trump (TRUMP) memecoin.

But Novogratz notes that the markets needed the correction to cool off and set the stage for Bitcoin and crypto to surge to new all-time highs.

“We had a euphoric top right around [Trump’s] inauguration and a combination of a lot of things: Trump coin and whatnot…

Crypto went back and tested where the [US presidential] election breakout was. Now it looks like we’ll take out $106,000, $107,000, $108,000 and make the next to $130,000, $150,000.” 

Zooming out, Novogratz believes that Bitcoin and crypto will witness a massive surge in market cap over time and rival gold’s current valuation of about $22 trillion.

“And at that point, you’re at price discovery. I keep thinking that gold is a $22 trillion asset and crypto is a $2 trillion asset. And at one point, as more and more young people inherit the money from old people who kiss the face of god, you’re going to see crypto equal gold and that’s a long way from here.”

Last year, the billionaire said the millennials, who stand to inherit the largest transfer of wealth in history, are more inclined to invest in digital assets than their boomer parents or relatives.

The great wealth transfer will hand $90 trillion in assets to millennials over the next 20 years, according to the global real estate consultancy firm Knight Frank’s 2024 Wealth Report.

At time of writing, Bitcoin is trading for $103,137.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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]]> https://earlybirdsinvest.com/22000000000000-market-cap-in-store-for-bitcoin-btc-and-crypto-according-to-billionaire-mike-novogratz/feed/ 0 37047 Galaxy’s Mike Novogratz Shuts Down Calls for Ethereum Hard Fork, Asks World Leaders To Go After Lazarus Group https://earlybirdsinvest.com/galaxys-mike-novogratz-shuts-down-calls-for-ethereum-hard-fork-asks-world-leaders-to-go-after-lazarus-group/ https://earlybirdsinvest.com/galaxys-mike-novogratz-shuts-down-calls-for-ethereum-hard-fork-asks-world-leaders-to-go-after-lazarus-group/#respond Mon, 24 Feb 2025 11:13:35 +0000 https://earlybirdsinvest.com/galaxys-mike-novogratz-shuts-down-calls-for-ethereum-hard-fork-asks-world-leaders-to-go-after-lazarus-group/

Billionaire Mike Novogratz says world leaders should act to take down Lazarus, the notorious North Korean hacker group responsible for the recent Bybit hack, which is believed to be the biggest heist in human history.

Novogratz, the CEO of crypto investment firm Galaxy Digital, says that Bybit did a world-class job of handling the hack, which ultimately resulted in $1.4 billion worth of Ethereum (ETH) being stolen from the exchange’s cold wallet.

Following the hack, some prominent figures in the industry have proposed the idea of rolling back the Ethereum network.

Blockchain rollbacks reverse transactions that have already been confirmed to restore the chain to a specified earlier state and are usually performed after a network undergoes a major security breach. In the case of ETH, a rollback will lead to a hard fork similar to what happened nine years ago during the Ethereum DAO hack when thieves drained 3.6 million Ether.

Novogratz strongly rejects the idea.

“This is a false narrative. Lazarus has been at it for years. They have stolen BTC, ETH and plenty of other cryptos.

There will be and should be no ETH fork. Bybit unfortunately will take a hit until their funds are recovered if our governments ever press NK (North Korea). The community will freeze the accounts and we move on.

The 2015 fork was at a very, very different time for the ecosystem. It was still a baby taking its first steps and steadying it made a ton of sense. Not true now.”

The Galaxy executive is also calling on world leaders to deal with the threat posed by the North Korean hacker group.

“It’s time world leaders do something about Lazarus.”

At time of writing, ETH is trading at $2,728.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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]]> https://earlybirdsinvest.com/galaxys-mike-novogratz-shuts-down-calls-for-ethereum-hard-fork-asks-world-leaders-to-go-after-lazarus-group/feed/ 0 21544