Galaxy Digital CEO Mike Novogratz predicts that Bitcoin will reach $800,000 in value in the next five to ten years, citing gold's correlation. He also stated that Bitcoin could trade for $500,000 if the US Treasury Reserve adopted it, however, acknowledged the unlikeliness of this proposal passing Senate scrutiny. Despite this, Novogratz encourages the US government to acquire more Bitcoin. Believing that Bitcoin's value will continue to surge, he also references a shift in market interest away from gold toward the digital currency.