CEO of Galaxy Digital, Mike Novogratz, has foreseen that Bitcoin will climb to $100,000 by the culmination of 2024. Novogratz's positive prediction revolves around Bitcoin's potential to breach the $73,000 resistance level, potentially propelling it towards the six-figure mark. The CEO emphasizes the impact of market psychology in driving this bullish sentiment, suggesting that breaching $70,000 could trigger significant upward momentum. Despite this optimism, Novogratz cautions about the inherent volatility of the cryptocurrency market, warning of unexpected events or market corrections that could alter Bitcoin's trajectory. Legislative advancements, such as the proposed FIT21 bill, which aims to establish a regulatory framework supervised by the Commodity Futures Trading Commission (CFTC), will play a vital role in shaping Bitcoin's path. With Bitcoin currently trading around $70,935, surpassing the $73,000 threshold will be crucial in determining whether Bitcoin can reach the $100,000 milestone by the end of the year. The introduction of spot Bitcoin ETFs has attracted substantial institutional interest, resulting in around $60 billion flowing into these funds. This surge in institutional demand has significantly contributed to Bitcoin's recent price surges and underscored growing institutional trust in the cryptocurrency's potential. The future trajectory of Bitcoin will be influenced not only by market dynamics but also by regulatory developments that can either support or hinder its growth.