Mike Novogratz, one of many billionaire names well-known within the cryptocurrency world, made an fascinating prediction about Bitcoin throughout a dwell broadcast on a program he attended on Bloomberg.
In accordance with Novogratz, if the US does certainly make Bitcoin one of many nation’s strategic reserve property, the worth of Bitcoin might attain $500,000.
US President-elect Donald Trump lately made a press release promising to make Bitcoin one of many US reserve property as a part of his election promise. As well as, he additionally assured that the US authorities would now not promote BTC.
Alternatively, Novogratz mentioned that the situation of the US making BTC a reserve asset is unlikely to occur. As well as, he added that if it does, different nations can even have to purchase BTC as a reserve asset.
Novogratz has a sophisticated relationship with the crypto world. All the time a BTC bull, he was lately praising the Terra (LUNA) ecosystem earlier than it crashed, and even obtained a Terra tattoo on his arm.
*This isn’t funding recommendation.
