{"id":2629,"date":"2024-11-13T20:00:03","date_gmt":"2024-11-13T20:00:03","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=2629"},"modified":"2024-11-13T20:00:03","modified_gmt":"2024-11-13T20:00:03","slug":"michael-novogratz-bitcoin-reserve-could-push-price-to-500000-but-likelihood-is-low","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=2629","title":{"rendered":"Michael Novogratz: Bitcoin Reserve Could Push Price To $500,000, But Likelihood Is Low"},"content":{"rendered":"<div>\n<p><strong>Galaxy Digital<\/strong> CEO <strong>Michael Novogratz<\/strong> on Wednesday discussed the prospect of <strong>Bitcoin<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) reaching unprecedented price levels if adopted as a reserve asset by nations, although he acknowledged the <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/41859889\/bitcoin-to-200-000-ethereum-to-10-000-and-crypto-market-cap-to-4x-by-end-of-2025-says-stan\">probability of this scenario remains low<\/a>.<\/p>\n<p><strong>What Happened: <\/strong>Novogratz, in an interview with Bloomberg <a href=\"https:\/\/www.bloomberg.com\/news\/videos\/2024-11-12\/bloomberg-crypto-11-12-2024\">said<\/a>, &#8220;I think it would be very smart for the United States to take the Bitcoin they have and maybe add some to it.&#8221;<\/p>\n<p>However, he maintained that the possibility of such a strategic move is limited, particularly with a divided Congress.<\/p>\n<p>If countries were to adopt Bitcoin as a reserve, Novogratz believes the impact on the asset&#8217;s value could be &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/41952244\/michael-novogratz-bitcoin-reserve-could-push-price-to-500000-but-likelihood-is-low\" alt=\"Michael\" novogratz: bitcoin reserve could push price to but likelihood is low>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Galaxy Digital CEO Michael Novogratz on Wednesday discussed the prospect of Bitcoin (CRYPTO: BTC) reaching unprecedented price levels if adopted as a reserve asset by nations, although he acknowledged the probability of this scenario remains low. What Happened: Novogratz, in an interview with Bloomberg said, &#8220;I think it would be very smart for the United [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-2629","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2629","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2629"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2629\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}