Why Is Mike Novogratz Bullish on Bitcoin?

Krutika Adani

Mike Novogratz mentions a runaway momentum in Bitcoin.

Last year, he said Bitcoin was in a sweet spot if the US Fed cuts rates.

The Fed is expected to cut rates in mid or late 2024.

Mike predicts a target of $100k after the rate cut.

This price target aligns with other bullish factors like ETF inflow and the Halving Cycle