Galaxy Digital CEO Michael Novogratz has projected that Bitcoin could reach $140,000 by 2026, citing institutional adoption and increased US wealth inflows as key drivers. During a discussion with SkyBridge Capital's Anthony Scaramucci, Novogratz described Bitcoin's current state as a 'recovery process,' with the $100,000 mark serving as a psychological barrier. Novogratz also addressed concerns regarding MicroStrategy's Bitcoin strategy, reassuring that Michael Saylor's $1.4 billion cash reserve positions the company to meet its debt obligations without needing to liquidate its Bitcoin holdings.