Novogratz Forecasts Bitcoin Surge to $69K in 2023 on Expected ETF Approvals
• Galaxy Digital CEO Mike Novogratz predicts Bitcoin will rebound to its all-time high of $69,000 by next year due to expected ETF approvals.
• Bloomberg analysts expect the first U.S. spot Bitcoin ETF could be approved by January 10th.
• Novogratz says ETF approvals could drive billions into the crypto sector and cause Bitcoin to skyrocket.
• Bitcoin has risen 45% since September to about $37,600, but is still down from its all-time high.
• Novogratz says ETFs will help attract fresh retail investors, as "prices are set on the margin."