Galaxy Digital CEO Mike Novogratz shared insights on Bitcoin's hidden value, emphasizing the importance of its community and social role.
The Unique Role of Community
During a meeting with early Bitcoiners, Mike Novogratz noted the unique 'social contract' foundational to the cryptocurrency, emphasizing it extends beyond typical financial motivation.
The Importance of Social Structure
Novogratz believes that not only does Bitcoin's decentralized nature and scarcity add value, but it is the community that has dedicated time and energy over the years that is its vital element.
Call to Expand Influence
Novogratz believes increasing Bitcoin's influence is tied not just to its financial allure but to its reputation as a movement.
Thus, according to Novogratz, the social fabric and shared purpose of the Bitcoin community are what truly render it valuable and resilient.
