PANews June 13 news, according to The Block, Galaxy Digital founder and CEO Mike Novogratz said in an interview with CNBC that if Bitcoin continues to maintain its current growth trend, its price is expected to reach $1 million. He believes that as the younger generation prefers Bitcoin, Bitcoin may gradually replace gold as a wealth storage function. According to the current market value of gold, Bitcoin needs to grow 10 times to be on par with it, corresponding to a price of about $1 million. Novogratz pointed out that the current institutional adoption of Bitcoin is accelerating, including listed companies, sovereign wealth funds and retail investors are all increasing their holdings. He specifically mentioned that BlackRock's spot Bitcoin ETF has managed more than $70 billion in assets and holds about 3% of the total supply of Bitcoin.