Michael Novogratz doubts the likelihood of the United States establishing a Bitcoin strategic reserve.
Novogratz suggests US should retain existing Bitcoin holdings and consider acquiring more to position the nation as a leader in technology and digital assets.
If the US establishes a Bitcoin strategic reserve, Novogratz predicts a dramatic price surge, estimating it could reach $500,000.
Trump's election victory positively impacted the cryptocurrency market, contributing to over 30% increase in Bitcoin's value.