Galaxy Digital CEO Mike Novogratz has reiterated his belief that Bitcoin could reach $100,000 by the end of the year, despite facing substantial sell pressure. Speaking on a podcast, Novogratz highlighted the medium-term psychological impact of the recent '1011' crash but remains optimistic about Bitcoin's potential. Novogratz also emphasized the importance of regulatory clarity and the entry of traditional financial institutions into the crypto market. He predicts that as these developments unfold, the industry will become more segmented, with tokens that offer real value gaining prominence.