This Crypto Billionaire Thinks Bitcoin Will Explode to $1 Million—Here’s His Wild Reason 🤑

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Right, so billionaire Mike Novogratz is back in the headlines, shaking his magic crypto 8-ball and—surprise!—seeing a future where Bitcoin fetches a cool $1 million. Yes, you heard me. He said this on Schwab Network with the kind of confidence that makes you check your wallet… and then realize you still don’t own any Bitcoin.

Apparently, he’s not just sitting cross-legged on a mountain, whispering sweet nothings to a crystal ball. No. He’s talking about some seismic shift in how we obsess over money, thanks to younger investors who grew up buying V-Bucks for Fortnite. Bring in the digital generation: if it’s not on their phones, it doesn’t exist. 💁‍♀️

“Adoption and the macro backdrop” are the two metrics that move the price of $BTC, according to @galaxyhq CEO @novogratz.

He believes kids will be into bitcoin because they “like digital stuff,” adding that when money gets passed down to the next generation, “they’re going to…

— Schwab Network (@SchwabNetwork) June 16, 2025

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So, Novogratz points to this gigantic pile of boomer gold being yanked away and lobbed at millennials and Gen Z. You know, the same people who think “stocks” are what you put in the fridge with oat milk. If you didn’t already feel old, here’s your chance.

“We had Warren Buffett retire. Charlie Munger passed away. They didn’t like Bitcoin, but I bet their grandkids are,” he said.

The boomers clutch their gold bars while the next generation wonders if gold can be sent over text. Spoiler: gold can’t do that, but Bitcoin can. Novogratz is convinced the days of burying gold in your backyard are over—unless your idea of prepping is extreme geocaching.

Here’s a number: gold sits at around $22.9 trillion, Bitcoin is chilling at $2.1 trillion. He claims this gap is about to close, possibly even flip. If it actually happens, you’ll wish you’d skipped lattes and bought Bitcoin instead of oat milk (or gold… from a vending machine, presumably?).

Novogratz’s Crypto Adventure (Complete With Billionaire Plot Twist)

Novogratz is not just talking the talk—he’s limped the walk. His Fortress hedge fund nuked itself in 2015 after some truly creative bets (Swiss francs and Brazil? Dare to dream), and then, plot twist: he finds redemption in crypto. Maybe not a hero’s journey, but definitely a sequel no one saw coming.

He jumped on Bitcoin in 2013, stuck around, and now he’s apparently got $4.5 billion reasons to believe. Recently, he said Bitcoin could “pop” to $150k soon. But a million bucks? That’s not just a leap—that’s Olympic-level pole vaulting over reality. 🦘

Bitcoin vs. Gold: Generational Cage Match

So here’s the pitch: as Bitcoin starts crashing awkward dinner conversations (move over, NFTs), Novogratz is certain it’ll dethrone gold in public imagination—not to mention your granddad’s safe deposit box. Gen Z is itching to replace ancient metal bars with wiggly numbers on a screen. Good luck explaining that at Thanksgiving.

Is this the beginning of gold’s mid-life crisis? Will your next family heirloom be a USB stick with a bunch of cryptographic keys? 🤔 Stranger things have happened. Watch this space—or, you know, keep your gold just in case.

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2025-06-17 14:50