• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Mike Novogratz Predicts Bitcoin's Surge with U.S. Reserve Move

user avatar

by Giorgi Kostiuk

8 months ago


Mike Novogratz, CEO of Galaxy Digital, forecasts that adopting Bitcoin as a reserve asset by the U.S. could significantly boost its value. In an interview with Bloomberg, he predicted that Bitcoin's value could rise to around $500,000.

U.S. Role and Global Implications

Novogratz suggested that the U.S. utilizing Bitcoin as a reserve asset could have substantial impacts both locally and globally. He believes this move could trigger a domino effect among other nations, particularly in emerging markets, which would closely monitor the situation. "If the U.S. takes such a step, other countries may follow suit. This could strengthen Bitcoin’s position within the global financial system," he stated.

If the U.S. takes such a step, other countries may follow suit. This could strengthen Bitcoin’s position within the global financial system.

Trump Administration and Crypto Policies

He noted that crypto-friendly policies during former President Donald Trump’s administration provided support for Bitcoin. However, he added that the existing system does not require changes to support the dollar as the reserve currency.

Prospects for Bitcoin

Currently, Bitcoin trades around $88,060. A potential reserve decision by the U.S. could impact not only Bitcoin but also global markets. Experts suggest that such developments could lead to volatility and enhance Bitcoin’s significance in the financial system.

In conclusion, Bitcoin’s potential designation as a strategic reserve asset may create new opportunities and risks for market participants. These scenarios are crucial factors to monitor in the cryptocurrency sector.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Bullish, the Crypto Exchange Backed by Peter Thiel, Prepares for IPO

chest

Bullish has filed for IPO, seeking to enter the public market and compete with major players.

user avatarGiorgi Kostiuk

USDC Use on Stellar and Its Impact on XLM Value

chest

Statistics show a rise in USDC transactions on Stellar, indicating growing utility that fuels speculation on XLM prices.

user avatarGiorgi Kostiuk

Litecoin Records New Open Interest at $761 Million. Is LTC Heading to $120?

chest

Litecoin has reached a new record open interest of $761 million, and 66.3% of addresses are in profit, raising hopes for a price increase to $120.

user avatarGiorgi Kostiuk

World Liberty Announces WLFI Token Launch Valued at $16 Billion

chest

WLFI token by World Liberty plans to debut with a $16 billion valuation, with significant backing from DT Marks DEFI LLC.

user avatarGiorgi Kostiuk

Impact of GENIUS Act: Trump Establishes Federal Stablecoin Guidelines

chest

President Trump has signed the GENIUS Act, establishing federal regulations for stablecoins and impacting the U.S. crypto landscape.

user avatarGiorgi Kostiuk

New Opportunities in the Meme Cryptocurrency Market: Troller Cat Gaining Popularity

chest

Exploring the rise of Troller Cat amid shifts in meme cryptocurrencies and the current status of Shiba Inu and Pepe.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.