⸺ Bull case · November 8, 2024 ⸺
Mike Novogratz
Founder & CEO, Galaxy DigitalInvestor
“It might surge to $500,000 if it is adopted as a US national reserve asset.”
Price at the call
$76,562
Today
$61,577
Target · ~5 years
$500K
Boldness of the call×6.53
Progress to target0.0%
Needs another ×8.1 from today’s $61,577.
If you’d listened
×0.80
-20% since the call
Annualized audacity
46%/yr
required return per year
Skin in the game
72/100
Built Galaxy Digital, a crypto merchant bank.
Novogratz pegs a $500k coin to a US strategic Bitcoin reserve triggering sovereign FOMO — though he rates the odds low. The softest of the dollar-target bulls, with the call explicitly conditional.