Mike Novogratz, founder of Galaxy Digital, warned that Bitcoin could decline to $45,000 if key support levels fail, citing a confidence crisis surrounding Michael Saylor's MicroStrategy as a primary headwind for near-term price action.
In a podcast with Anthony Scaramucci, Novogratz attributed current Bitcoin weakness largely to market skepticism about MicroStrategy's financial resilience amid substantial unrealized losses. However, he clarified that Saylor is not a forced seller and the company maintains sufficient liquidity to service obligations through the downturn. The immediate support zone for Bitcoin remains $59,000–$60,000, with $45,000 representing the next technical level if that range breaks.
Beyond crypto volatility, Novogratz warned that artificial intelligence is becoming a contentious political issue in the United States, with voter concerns about job displacement and data-center construction protests already influencing electoral outcomes. He expects OpenAI and Anthropic to eventually pursue public listings due to their massive capital requirements, though he remains unconvinced the AI boom has peaked. Novogratz cautioned that widening income inequality could fuel support for more radical political movements if policymakers fail to implement market-based wealth redistribution mechanisms.