Galaxy Digital CEO Mike Novogratz has expressed doubt that Bitcoin will reach $250,000 by the end of 2025, citing the need for extraordinary catalysts within a short timeframe. Instead, he forecasts a more realistic price range of $100,000 to $125,000. Currently, Bitcoin trades at approximately $107,649, which would require a 133% increase to achieve the $250,000 mark. Novogratz pointed to potential catalysts such as Federal Reserve rate cuts and regulatory changes like the CLARITY Act as factors that could influence Bitcoin's trajectory. He also noted that the $100,000 level could serve as a key support in a downside scenario.