Mike Novogratz predicts a 10-fold increase in Bitcoin’s value, potentially reaching 1 million USD due to increasing adoption among younger generations.
Despite a recent decline, Bitcoin is still above the critical threshold of 100,000 USD. Over 75% of holders maintain profitability despite the market’s short-term fluctuations.
Technical indicators suggest bearish momentum, yet on-chain data shows a majority of holders are still making profits, reflecting bullish sentiment overall.
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