Michael Novogratz, founder and CEO of Galaxy Digital, said that Bitcoin is on track to break through the high-profile $100,000 mark in a strong post-election rally in the United States, but this does not mean that it will continue to rise, although the bitcoin price reaching six figures is "inevitable" and may continue to rise, but eventually pull back. There is a lot of leverage in the cryptocurrency market at the moment, and the crypto community is already highly leveraged, so a market correction is coming. In addition, Michael Novogratz also warned that stocks like MicroStrategy, which trade with leverage similar to Bitcoin, could face a larger correction.