Bitcoin hit a new record high last week, with prices climbing above $99,000 for the first time.
CNBC asked analysts for their take on why bitcoin has so far failed to breach the widely-watched $100,000 mark.
"There's a ton of leverage in the system right now," Novogratz, a longtime crypto investor, told CNBC's "Squawk Box" on Friday.
Novogratz added that he's advocating investors buy "straight bitcoin" rather than bitcoin-exposed plays, such as MicroStrategy which owns a huge, multi-billion-dollar pile of bitcoin in its corporate treasury reserves.
Deutsche Bank's Laboure said she thinks the idea of a U.S. national bitcoin is still far off, practically speaking.
Persons:
Fernando Gutierrez, Donald Trump, Trump's, hasn't, bitcoin, Andre Dragosch, Bitwise, Bitcoin, Dragosch, Novogratz, CNBC's, David Morrison, Morrison, Marion Laboure, Trump, Gary Gensler —, Deutsche Bank's Laboure, Laboure
Organizations:
Getty, CNBC, Galaxy Digital, Trade, Deutsche Bank, bitcoin, Trump, Securities, Exchange, Deutsche
Locations:
Juarez, Europe, U.S