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Novogratz Forecasts Bitcoin to Reach $500K with Strategic Reserve; Yet Chances Remain Slim

  • Galaxy Digital CEO Mike Novogratz believes the chances of a BTC Strategic Reserve are slim, thanks to a Senate gridlock.
  • Novogratz thinks that the US should hold onto its Bitcoin stash to show its commitment to being a technology-first country.
  • Trump has vowed for the Treasury to keep all Bitcoin it acquires, even if a Strategic Reserve is unlikely to happen.
  • Novogratz believes that if a Strategic Reserve is established, Bitcoin could reach a price target of $500,000.

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