{"id":142806,"date":"2024-11-21T13:00:47","date_gmt":"2024-11-21T11:00:47","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=142806"},"modified":"2024-11-21T01:14:59","modified_gmt":"2024-11-20T23:14:59","slug":"bitcoin-could-replace-the-u-s-dollar-says-galaxy-digital-exec","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoin-could-replace-the-u-s-dollar-says-galaxy-digital-exec\/","title":{"rendered":"Bitcoin Could Replace the U.S. Dollar, Says Galaxy Digital Exec"},"content":{"rendered":"

In a recent interview<\/a> <\/strong>with Bloomberg Television, Alex Thorn, Galaxy Digital\u2019s head of firmwide research, discussed the possibility of the U.S. establishing a Bitcoin<\/a> <\/strong>strategic reserve (BSR), calling it a \u201cstraightforward\u201d idea. Thorn pointed out that most fiat currencies have ultimately collapsed over time, making it \u201creasonable\u201d for the U.S. to consider alternatives, such as Bitcoin, in the future.<\/p>\n

Thorn emphasized that the game theory surrounding Bitcoin is clear, especially given that several countries already have exposure to the digital asset. Nations like El Salvador have adopted Bitcoin directly, while others are involved in mining or acquiring Bitcoin. He also noted the positive stance on cryptocurrency in the U.S., suggesting that foreign nations may feel pressured to align their policies to stay competitive.<\/p>\n

While uncertain about the timing, Thorn indicated that it is not unreasonable to consider Bitcoin as a viable option in the long term, even if that means looking beyond the next 100 years.<\/p>\n

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Read More:<\/h5>\n \n
\n \n \n <\/span>\n <\/div>\n
\n

Robert Kiyosaki Backs Michael Saylor’s Bold $13 Million Bitcoin Prediction<\/h4>\n <\/div>\n <\/a>\n<\/div>\n<\/p>\n

Galaxy Digital\u2019s CEO, Mike Novogratz, has also weighed in on the matter, predicting that if the U.S. government does create a Bitcoin reserve, the price of Bitcoin could surge to $500,000. Novogratz pointed to increasing global interest in Bitcoin, with countries around the world buying up large quantities of the asset. He noted a significant uptick in Bitcoin adoption, particularly in the Middle East, and cited the possibility of a major rally if more nations adopt Bitcoin.<\/p>\n

With growing international interest and favorable political developments surrounding cryptocurrency, Novogratz believes that Bitcoin could become a key global asset, leading to a paradigm shift in the financial system.<\/p>\n","protected":false},"excerpt":{"rendered":"

A top executive at Galaxy Digital has suggested that the U.S. government might eventually turn to Bitcoin (BTC) as a potential alternative to the U.S. dollar.<\/p>\n","protected":false},"author":9,"featured_media":28134,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[72,108],"coin_category":[],"class_list":["post-142806","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-price"],"acf":[],"yoast_head":"\nBitcoin Could Replace the U.S. Dollar, Says Galaxy Digital Exec<\/title>\n<meta name=\"description\" content=\"A top executive at Galaxy Digital has suggested that the U.S. government might eventually turn to Bitcoin (BTC) as a potential ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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