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According to The Block, Galaxy Digital founder and CEO Mike Novogratz stated in an interview with CNBC that if Bitcoin continues its current growth trend, its price is expected to reach $1 million. He believes that as the younger generation increasingly favors Bitcoin, it may gradually replace the wealth storage function of gold. Based on the current market value of gold, Bitcoin needs to grow tenfold to match it, corresponding to a price of approximately $1 million. Novogratz pointed out that the adoption of Bitcoin by institutions is accelerating, with listed companies, sovereign wealth funds, and retail investors all increasing their holdings. He specifically mentioned that BlackRock's spot Bitcoin ETF has managed over $70 billion in assets and holds approximately 3% of the total Bitcoin supply.