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Mike Novogratz: Bitcoin at or above $60,000 on Dec 31, 2021

Mike Novogratz's prediction that Bitcoin would be at or above $60,000 on December 31, 2021 did not come true. The close on the deadline decided this call: Bitcoin closed at $46,211 on December 31, 2021, the deadline, 23% below the target. Mike Novogratz made the call on The Daily Hodl on February 13, 2021, when Bitcoin was at $47,408. The target needed a 27% rise in eleven months.

Updated

What was said

Photo of Mike Novogratz
Mike Novogratz

Founder and CEO, Galaxy Digital

The Daily Hodl, Feb 13, 2021SourceArchive

5 predictions · 3 hit · 2 missed

Photo: RISE, CC BY 2.0

So I would be $60,000 end of this year, and I’m $500,000 probably like 2024-2025…

Novogratz said he sees Bitcoin as digital gold and a store of value rather than money, and framed his estimate as Bitcoin's market cap as a share of gold's. He said Bitcoin was about 6% of gold's market cap and would easily reach 10% by the end of the year, which he said gets Bitcoin to $55,000-$60,000. He added that adoption comes through more education and more communities buying into the idea.

How we checked this

MissedDeadline

Price when said
$47,408 closeprice data
Target
$60,000+27%
Close on the deadline
$46,211price data

The close of the last trading day on or before Dec 31, 2021 decides: the prediction comes true if that close is at or above $60,000. Prices are daily closes in UTC, not intraday highs.

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