A top Galaxy Digital executive thinks Bitcoin (BTC) will eventually reach $100,000 and beyond this market cycle.

In a new interview with CNBC, Galaxy Digital’s Global Head of Trading Jason Urban says $100,000 for BTC is within the realm of possibility.

Based on Galaxy Digital CEO Mike Novogratz’s $100,000 prediction and Standard Chartered’s recent $150,000 forecast, Urban says he’ll split it down the middle and call for $125,000.

“I certainly think that $100,000 is expected by a lot of, I’ll say, crypto natives. As you know, I’m out here at the Digital Asset Summit in London this week and just talking to a lot of the crypto natives, you know, there really is an underpinning. And then you have a lot of traditional finance players stepping in as well. And so I don’t think $100,000 is off the table.” 

Urban also hopes BTC can reach up to $150,000 after taking some time to rebuild momentum from its recent retracement.

“I certainly hope $150,000 is the right number, but it’s how we get there too that’s important, right? You need healthy price discovery and healthy market action. And so a little bit of a retracement here off of the $73,000 highs, I think you’re going to see a steady build. It’ll build a base in here and then all of a sudden start to really drive higher. So I’ll play the diplomat and say $120,000, $125,000.”

BTC is worth $63,953 at time of writing, down 11% in the last week.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Marut Laijaroen