Bitcoin eyes new highs as billionaire Mike Novogratz bets on dovish US policy. Plus, Base explores a token amid shifting regulatory winds. Buckle up, crypto world!
Bitcoin Price, Crypto Billionaires, and US Policy: A Perfect Storm?
Bitcoin's been on a rollercoaster, hitting $112,114 recently. Crypto billionaire Mike Novogratz is eyeing $200K, and whispers of a Base token are swirling. What's driving this?
The Novogratz Bet: Dovish Policy and Bitcoin's Rise
Galaxy Digital CEO Mike Novogratz believes the next big Bitcoin surge depends on U.S. monetary policy. He's betting that if the Fed replaces Jerome Powell with someone more 'dovish' – someone who favors lower interest rates – Bitcoin could skyrocket. Why? Lower rates weaken traditional investments, pushing investors towards riskier assets like Bitcoin. In September 2025, the Fed already cut rates by 25 basis points, hinting at more cuts to come. This could be the fuel Bitcoin needs.
Technicals Align: Is Bitcoin Ready to Break Out?
Technically, Bitcoin's looking good. It bounced back from $110,350, with analysts spotting a bullish engulfing candle. The RSI is high, showing strong buying momentum. A break above $114,000 could open the door to $116,150 and beyond. It's a wedge forming higher lows – if resistance breaks, we're in bullish territory.
'Uptober' is Here: History Favors Bitcoin
Historically, October and November ('Uptober' and 'Moonvember') have been kind to Bitcoin. Crypto analyst Ash Crypto pointed out that Bitcoin has consistently performed well during these months. Even with a slight dip in the 39th week of 2025, the overall trend points upwards. Will history repeat itself?
Base Token on the Horizon: A Regulatory Gamble?
Coinbase's Ethereum layer-2 network, Base, is hinting at launching its own token. This is a big deal because Coinbase is a publicly traded company, meaning it has to navigate a complex regulatory landscape. However, with the Trump administration suggesting a softer stance on crypto, the timing might be right. A Base token could legitimize tokens in the US, but it also poses regulatory risks.
Base + Solana: A Bridge to New Possibilities
Base is also building a bridge to Solana, allowing seamless interaction between the two ecosystems. This means developers can access liquidity, users, and apps across both chains. Binance Wallet has already integrated Base, giving it instant global reach.
Final Thoughts: Will Bitcoin Conquer $200K?
So, what does it all mean? A crypto billionaire banking on dovish US policy, technical indicators pointing to a breakout, and a major exchange exploring tokenization... It's a recipe for excitement (and maybe a little anxiety). Whether Bitcoin hits $200K or Base launches a token without regulatory headaches remains to be seen, but one thing's for sure: the crypto world never sleeps. Now, if you'll excuse me, I'm off to check my portfolio... again!
