Bitcoin Price Prediction: Novogratz Predicts Bitcoin Could Hit $200K if Fed Goes Dovish

Bitcoin, the most in-demand cryptocurrency in the world, has been struggling to find a balanced market momentum for the past few weeks. At the moment, the coin is trading below $110,000 price point, and it displayed a bullish momentum for a short period of time, only to fall further by 0.15%. The current “Red September” saga was highly influential on BTC, and it pushed the token further down to its all-time low in a few weeks. The token is slowly regaining its market momentum and trying to establish dominance before the positive “Uptober” trend next month. 

Bitcoin Could Reach $200,000,” Says Galaxy Digital CEO Mike Novogratz

The total cryptocurrency market is experiencing a pullback, including the prominent currencies like Bitcoin, Ethereum, and XRP. Mike Novogratz, the CEO of Galaxy Digital, made a bold statement about Bitcoin amid its current bearish movement and downtrend in the market. In an interview with Kyle Chasse, Mike Novogratz made a statement that Bitcoin could hit the $200,000 price point if a dovish Fed chair is appointed and adopts an aggressively dovish monetary policy. 

According to him, the next phase of Bitcoin could depend on the Fed chair appointment and the monetary policy they are going to adopt. He stated that the selection of Fed chair would be the biggest bull catalyst for Bitcoin and the rest of crypto. The analysts and administrative experts believe that his bold statement revolving around the Fed chair could be the possible appointment of a dovish candidate to replace Jerome Powell. He strongly believes that the potential aggressive interest rate cut policies from Jerome Powell’s replacement could take BTC into the next level. He also added that the scenario of aggressive rate cutting would be beneficial for crypto at the same time, it would come at a sheer cost. He asked if he wanted it to happen and stated no, explaining that it was because he kind of loved America.

Novogratz claimed that the markets didn’t fully react until Donald Trump made his official decision on the Fed leadership. He said that it was priced in that he was going to pick somebody dovey, but no one was quite sure. At the end of the day, Donald Trump shortlisted Kevin Hassett, White House economic adviser, Christopher Waller, Fed Governor, and Kevin Warsh, former Fed Governor. Trump officially confirmed and told reporters at the Oval Office on Sept. 6 that they could say those were the top three.     

Bitcoin Price Prediction: Will BTC Really Hit $200,000?

At the moment, Bitcoin, the largest and most valuable cryptocurrency in the world, trades at $109,336.13, which is 0.19% higher than its previous day’s value. CoinCodex, one of the most trustworthy crypto price tracking sites, reported that Bitcoin reached its highest price on August 14, 2025, when it was trading at its all-time high of $124,171, while Bitcoin’s lowest price had been recorded on July 17, 2010, when it was trading at its all-time low of $0.05. They also noted that the lowest price since its ATH was $107,304 (cycle low). 

BTC is slowly regaining the market dominance that it had lost during the so-called “September Curse”. The digital asset has been trading with a 24-hour trading volume of $ 55.96 billion market cap of $ 2.18T, and a market dominance of 57.75%. BTC price increased 0.28% in the last 24 hours.    

By analyzing the historic price data of BTC, the digital token hitting the $200,000 price point could become true in the future, if the market conditions and regulatory environments favor it. Top analysts in the crypto sphere opine that other top forecasters also share bullish Bitcoin price targets for 2025 near or above $200,000, supported by technical charts, cycle analysis, and growing adoption. They indicate that the consensus signals that Bitcoin’s price could reach new all-time highs before the end of 2025, especially if macro conditions align with dovish Fed policies. October has always been kind to Bitcoin, so Bitcoin’s price rally could reach an unprecedented point when the “Uptober” trend occurs. 

Disclaimer: Bitcoin’s price can rise or fall sharply in short periods, driven by market demand, regulation, technological developments, and macroeconomic events.