Mike Novogratz, CEO of Galaxy Digital, recently shared his views on the potential for a U.S. Bitcoin strategic reserve. He believes there's a "low probability" of this happening under President-Elect Trump, citing expected government clashes. Novogratz argues the U.S. dollar doesn't need Bitcoin to maintain its status as the global reserve currency. However, he speculates that if the U.S. were to establish such a reserve, it could propel Bitcoin's value to $500,000, sparking a global race among nations to acquire the cryptocurrency. Meanwhile, countries like El Salvador and Bhutan continue to increase their Bitcoin holdings.