#MikeNovagratz , founder and CEO of Galaxy Digital Holdings, a Toronto Stock Exchange-listed crypto investment business, has predicted a worldwide Bitcoin acceptance shift. Novogratz told X on Tuesday that nations are buying Bitcoin.

National Bitcoin FOMO Exists

“Countries are buying BTC in massive volumes—this is massive capital entering the market. Global adoption is happening, and the next rally might be huge. Hold on. X reported catching Bloomberg TV last week.



Novogratz explained sovereign interest's extraordinary level in a Bloomberg interview. A close friend who introduced him to BTC in 2013 is in the Middle East. “He’s never seen anything like it,” Novogratz added. “He's convincing more people to buy Bitcoin in his three days there than in his career, and they're huge capital pools. And so we see something globally.”

International leaders took notice when former President Donald Trump said in Nashville that he would be a “crypto president” and “Bitcoin president,” Novogratz said. He said, “Other leaders heard that,” implying geopolitical reasons may cause a “amazing rally” in Bitcoin.

Novogratz was unsure whether a Trump administration would lead to a Strategic BTC Reserve. “I still think it’s a low probability,” he said. Due to the complexity of US legislative procedures, the Senate typically advises moderation while the executive branch or House may be enthusiastic. “That’s the role of the Senate,” he added, noting that Republicans lack a 60-seat majority to pass such proposals.

Novogratz recognized the strategic advantages of the US adopting Bitcoin. “It would be very smart for the United States to take the Bitcoin they have and maybe add some to it,” he said, signaling a commitment to becoming a “technology-first country, a crypto and digital asset-first country.” Despite not believing the US currency needs Bitcoin support, he said a Strategic Bitcoin Reserve would send “Bitcoin heads to $500,000.”

“If it happens in the short term without a Strategic Bitcoin Reserve, it’s going to mean six, seven, eight years,” Novogratz said. “Then it’s a scramble for the hot commodity.” He worried that such a situation may indicate hyperinflation, which traditionally causes social instability. He said hyperinflation has terrible effects in any nation.

Novogratz noted a generational change in investing tastes and Bitcoin's ability to compete gold as a store of wealth. He said, “The total market cap of gold is like $16 trillion,” or $800,000 per BTC if it reaches parity. He sarcastically questioned “When does Bitcoin become gold?” Novogratz, who turns 60 next week, called himself “an old guy” and still owns gold.

Younger generations spend less in gold, he said. “40-year-olds have no gold. He noted that 30-year-olds have none. Bitcoin should equal gold after five or 10 years because to this generational transition, reaching $800,000.

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