Galaxy Digital CEO Mike Novogratz, Bitcoin 
$89,143He stated that if it is adopted as a strategic reserve asset by the USA, it will experience a significant increase in value. In an interview with Bloomberg, Novogratz predicted that such a step could push Bitcoin to $500,000 levels.
US Role and Global Impacts
Novogratz stated that the US’s use of Bitcoin as a reserve asset could create not only local but global effects. According to him, this move could create a domino effect for other countries as well. He thinks that emerging markets in particular will follow this situation closely.
“If the USA takes such a step, other countries may follow the same path. “This could strengthen Bitcoin’s position in the global financial system,” he said.
Novogratz also touched on the regional impacts of Bitcoin adoption. He shared a friend’s growing interest in Bitcoin in the Middle East. He said capital pools are growing rapidly in this region and Bitcoin is becoming an increasingly attractive option.
However, Novogratz sees the possibility of the US accepting Bitcoin as a reserve as low. He emphasized that the US dollar is already based on a strong economic and military infrastructure.
“The dollar does not need a support. “We have the strongest army and the largest economy,” he said. He also stated that he would be happy with this situation even if the Bitcoin reserve was taken, because he thought Bitcoin could reach $ 500,000.
Trump Administration and Crypto Policies
Stating that crypto-friendly policies attracted attention during the reign of former President Donald Trump, Novogratz said that this approach provided support for Bitcoin. However, he added that the current system does not need any changes to support the dollar as the reserve currency.
Bitcoin is currently trading around $88,060. A possible reserve decision by the USA has the potential to affect not only Bitcoin but all global markets. Experts state that such a development could cause fluctuations and increase the importance of Bitcoin in the financial system.
As a result, Bitcoin gaining strategic reserve status can create new opportunities and risks for investors. Such scenarios are among the factors that need to be carefully monitored in the cryptocurrency market.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
