Bitcoin Free from Tariffs... Crypto Mogul Predicts "Strong Rebound Will Begin Soon"

US 'Crypto Mogul' Mike Novogratz
"Bitcoin Will Soon Begin a Strong Upward Trend"
"Recently Treated Like a Big Tech Company"

Despite macroeconomic instability triggered by U.S. tariff policies, Bitcoin has performed better than expected, fueling speculation about the possible resumption of a bull market. In particular, as the value of U.S. Treasury bonds and the dollar declines, attention is focusing on Bitcoin as an alternative asset. Against this backdrop, Mike Novogratz, CEO of cryptocurrency asset management firm Galaxy Digital and a billionaire investor known as a crypto mogul in the United States, drew attention by predicting that "Bitcoin will soon begin a strong upward trend."

Bitcoin related image. Photo by Reuters Yonhap News

According to Yahoo Finance on April 17, Novogratz stated, "Bitcoin has undergone corrections similar to those experienced by big tech companies, but it is poised to enter a strong upward trend going forward." He explained, "Recently, Bitcoin's price movements have resembled those of big tech companies rather than digital gold," and predicted, "After the correction ends, a strong rebound could follow."

He analyzed, "In the past, Bitcoin was perceived as 'digital gold,' but recently it is being accepted as an asset similar to big tech stocks like Tesla and Apple." He added, "Conditions are being created for new capital to flow in, alongside overall stability in the cryptocurrency market." In particular, he emphasized, "Given that institutional investors are continuously expanding their interest in Bitcoin, we can expect a positive price trend."

Experts are analyzing that the confusion caused by tariffs could provide an opportunity for Bitcoin to be recognized as 'digital gold.' Hunter Horsley, CEO of U.S. asset management firm Bitwise, recently stated, "Trust in the U.S. dollar has declined due to policies such as reciprocal tariffs," and predicted, "Given the disadvantages of gold in terms of transportation and storage, Bitcoin will ultimately become the only investment option."

Experts are focusing on the fact that Bitcoin is an asset not directly related to tariffs. As a digital asset, Bitcoin is fundamentally different from traditional assets tied to physical supply chains. Michael Saylor, chairman of MicroStrategy, the U.S. company holding the largest amount of Bitcoin among single corporations, stated on his X (formerly Twitter) account on April 4, "There are no tariffs on Bitcoin, which possesses decentralization and digital attributes," and emphasized, "Since Bitcoin is a purely digital asset unrelated to import or export regulations, it can function as a 'tariff safe haven' if global trade tensions persist in the future."

Meanwhile, Novogratz has consistently referred to Bitcoin as 'digital gold.' Recently, he even urged Peter Schiff, the economist famous for his anti-Bitcoin stance, to "acknowledge that Bitcoin is now a legitimate macro asset." Back in February, he also stressed, "Narrative is what separates winners from noise in the market," highlighting the importance of strong market conviction.