Mike Novogratz, a prominent figure in the cryptocurrency world, has made a bold prediction that the price of Bitcoin could reach $100,000 or higher by the end of the year. This forecast comes as a result of a more positive political environment in the US towards cryptocurrencies. Novogratz made these comments during a recent interview on Bloomberg Television, where he highlighted the shift in sentiment towards cryptocurrencies.

The sentiment towards cryptocurrencies has become more positive in recent weeks, according to Novogratz. This shift is evident in the actions of the US Securities and Exchange Commission, which has taken steps towards approving exchange-traded funds that invest directly in Ether. Additionally, political donations supporting pro-crypto candidates have increased, and even presidential candidates have been competing on their stance on cryptocurrencies.

Novogratz believes that the positive sentiment is likely to continue, stating, 'I think we are getting skewed to the upside. We kind of got to the finish line. DC has finally agreed in principle that crypto legislation has to happen, that should be bipartisan.' However, not all recent developments have been positive. President Joe Biden vetoed a guidance known as staff accounting bulletin No. 121, which has drawn criticism from banks since its publication in 2022.

Banks argue that the guidance effectively restricts them from scaling up services to hold digital assets on behalf of customers by making it too costly. This veto has raised concerns about the future of cryptocurrency adoption and the potential for further regulation.

In conclusion, Mike Novogratz's prediction that the price of Bitcoin could reach $100,000 or higher by the end of the year is a significant development in the cryptocurrency world. The positive sentiment towards cryptocurrencies is likely to continue, driven by the shift in political environment and the increasing adoption of digital assets. However, the veto of staff accounting bulletin No. 121 has raised concerns about the future of cryptocurrency adoption and the potential for further regulation.