Bitcoin Poised to Surpass Gold's Market Cap As Investor Demand Booms, Says Galaxy Digital's Novogratz
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Bitcoin's market cap will soon exceed that of gold as investors allocate 1-3% of baby boomer wealth to crypto, says Galaxy Digital CEO Mike Novogratz
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Novogratz predicts generations after boomers will allocate even more to crypto as wealth is passed down
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Bitcoin could see a price correction in the coming days/weeks but is unlikely to fall below $50k
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Upcoming Bitcoin "halving" event plus recent ETF approvals are fueling huge demand
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Daily Bitcoin mined is less than daily ETF inflows, draining exchange inventories