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Bitcoin is poised for a major surge, with forecasts predicting a new all-time high of $116k in July, mirroring the S&P 500's rally. A $530M buying spree signals strong accumulation, fueling bullish momentum.

Bitcoin Will Replace Gold And Go To $1,000,000, Says Galaxy Digital CEO Mike Novogratz

Bitcoin MagazineThursday, June 12, 2025 at 9:59:14 PM
Bitcoin Will Replace Gold And Go To $1,000,000, Says Galaxy Digital CEO Mike Novogratz
Galaxy Digital CEO Mike Novogratz is making a bold prediction: Bitcoin will eventually dethrone gold as the go-to store of value and skyrocket to $1 million per coin. The crypto heavyweight argues Bitcoin’s digital scarcity and growing institutional adoption will fuel this seismic shift. It’s a hyper-optimistic take, but Novogratz has been a vocal Bitcoin bull for years—though skeptics might call this more cheerleading than analysis.
Editor’s Note: Whether you buy it or not, Novogratz’s prediction highlights Bitcoin’s evolving narrative—from fringe tech to a potential gold 2.0. For crypto believers, it’s fuel for the moon-shot dreams; for traditional investors, it’s a reminder that the debate over Bitcoin’s long-term role is far from settled. Either way, it’s the kind of headline that gets people talking (and maybe FOMO-buying).
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Latest from Cryptocurrency
Bitcoin Shopping Spree: Strategy Continues Accumulation With $530M Purchase
positiveCryptocurrency
MicroStrategy—now rebranded as Strategy—just dropped another $530 million on Bitcoin, snapping up nearly 5,000 more coins last week. That brings their total stash to a whopping 597,325 BTC, worth about $42.4 billion. They’re inching closer to the 600,000 milestone, and investors seem thrilled: their stock jumped almost 5% despite the massive spending spree.
Editor’s Note: Strategy’s relentless Bitcoin buying isn’t just a trend—it’s a full-blown bet on crypto’s future. While critics might call it risky, the market’s reaction (and their growing hoard) suggests confidence. For everyday investors, it’s a signal that big players are still all-in on Bitcoin, even after its wild price swings. Whether you’re a crypto skeptic or a true believer, this move is hard to ignore.
World.fun rolls out new launch model with debut of AI Shark Tank
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Editor’s Note: This isn’t just another tech gimmick—it’s a creative mashup of entertainment, AI, and crypto incentives. If it catches on, it could redefine how people interact with simulated business scenarios, blending education, fun, and maybe even profit. For AI and crypto enthusiasts, it’s worth keeping an eye on.
Will XRP Dethrone Ethereum To Lead This Altcoin Season?
neutralCryptocurrency
XRP is gaining serious traction as a top-tier cryptocurrency, and some are wondering if it could outshine Ethereum in the upcoming altcoin season. Ethereum has long been the go-to leader when altcoins start outperforming Bitcoin, but XRP's recent surge in popularity and market position is making it a real contender. Could this be the season where XRP takes the crown?
Editor’s Note: The crypto market is always full of surprises, and shifts in dominance can signal big opportunities (or risks) for investors. If XRP starts leading the charge instead of Ethereum, it could shake up trading strategies and portfolio decisions. For crypto watchers, this rivalry is worth keeping an eye on—it might just define the next market cycle.
Russian-British dual national charged for sending crypto to fund pro-Russian militias in Ukraine
negativeCryptocurrency
A Russian-British dual citizen has been charged in a UK court for allegedly using cryptocurrency to funnel money to pro-Russian militias in eastern Ukraine, violating British sanctions. The case highlights how digital currencies are being exploited to bypass traditional financial controls in geopolitical conflicts.
Editor’s Note: This isn't just another sanctions story—it shows how modern warfare and political tensions are spilling into the crypto world. As governments crack down on traditional funding routes, cryptocurrencies are becoming a workaround for illicit finance. For everyday people, it’s a reminder that digital money isn’t just about investing or tech—it’s now tangled up in global power struggles.
DOJ busts four North Korean hackers in $900K crypto theft
negativeCryptocurrency
The U.S. Department of Justice just charged four North Korean hackers with stealing close to $1 million in cryptocurrency from blockchain companies—both in the U.S. and abroad. The indictment claims they used fake identities to pull off the heist, showing how cybercrime is getting more sophisticated and international.
Editor’s Note: This isn’t just another crypto scam—it’s a reminder that state-linked hackers are actively targeting digital assets, and the lines between cybercrime and geopolitical tensions are blurring. For everyday investors, it’s a wake-up call to tighten security, but it also highlights how governments are scrambling to keep up with cross-border digital theft.

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