加密货币大多头：若特朗普真的建立比特币储备，50万美元见！

Source: Jin10 Data

Michael Novogratz, the billionaire head of the cryptocurrency investment firm Galaxy Digital, stated that the likelihood of the usa establishing a bitcoin strategic reserve as proposed by elected President Trump is low.

"I still think the likelihood is very low," Novogratz said during an interview with Bloomberg television on Wednesday. "Although the republicans control the Senate, they do not have nearly 60 seats." He also suggested that:

"I think it would be wise for the usa to leverage the bitcoins it holds, perhaps even add some more, and show the world that it will become the leading nation in global technology and digital assets... I don't think the dollar needs anything to support it."

Trump stated at a bitcoin conference in July that once he becomes President, the usa will retain all the bitcoins that the government holds or will acquire, converting "massive wealth into permanent national assets to benefit all americans." Other supporters suggested that the usa buy about 1 million bitcoins, which based on the current price of cryptos would be worth over 90 billion dollars.

If the usa really established a bitcoin strategic reserve, Novogratz predicts that the price of the largest global cryptocurrency would soar to 0.5 million dollars. The trading price of bitcoin has already set a historical high of over 0.093 million dollars.

"If the usa establishes a bitcoin strategic reserve, as someone who holds a large amount of bitcoin, I wouldn't feel sad," Novogratz said. "I think bitcoin will rise to 0.5 million dollars. This is a different paradigm because it forces all other countries to join in."

Last week, Trump won a landslide victory in the presidential election, pushing the cryptocurrency market leader bitcoin up more than 30%, and boosting the overall market cap of digital assets to above its peak during the pandemic. Trump has been a skeptic of cryptos during his first term, but has since become a vocal advocate, with his family even launching a decentralized finance project.

Novogratz, a former partner of goldman sachs and fortress investment group, saw his net worth soar to about 5.4 billion dollars this week, an increase of 3.8 billion dollars from the end of 2022. Following Trump's victory, his digital assets company achieved its best trading day performance of the year on November 6.

As a long-time supporter of the Democratic Party, Novogratz criticized Massachusetts Senator Elizabeth Warren's remarks on X earlier on Wednesday. Warren condemned Trump's announcement that billionaire Elon Musk and entrepreneur Vivek Ramaswamy would lead a new government efficiency department. The department's acronym is DOGE, which is one of Musk's favorite memes and also shares a name with the dogecoin he heavily promoted.

Warren has been a vocal critic of cryptos and has become a favorite target of complaints among industry participants.

Editor / jayden