Galaxy CEO, Mike Novoghatz, has Commented On the creation of a Bitcoin strategic reserve, arguing that it is a “very big problem”.
The fact that the use now has a bitcoin reserve “sends a message” to each country, by accounting for Navogratz.
Blockstream CEO Adam Back, known for being cited in the white of Satoshi Nakamoto, echo A similar feeling in his own publication on social networks. Back Argus according to which the reserve announcement is “huge” to move the Overton window. He added that this adds a “new ultimate reference for sovereign funds, thinking funds, motive pleasure to add bitcoin allowances”.
As indicated by U.TODAY, Bitcoin actually plunged lower after the announcement. The market was seemed disappointed by the fact that the reserve that Wald is composed of coins.
That said, there is room to buy Potiber more cryptocurrencies. “I guess they will find a way,” said Novoghatz.
It does not work that Novogratz claims that the idea of retreating the US dollar (the reserve currency of the world) was with other assets.
Price prediction of $ 500,000
AS Reported by U.TODAYThe cryptocurrency magnate predicted that the Bitcoin Coulf price reached $ 500,000 if the United States had to create a Bitcoin reserve, since it would be the kick of a domino effect, with other countries that follow the plunge.
Bitcoin is currently negotiating at $ 85,728, not reviving Momntum Haussier despite his approved entirely by the United States government.
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Novogratz estimated that Bitcoin Welf must recover the $ 91,000 for the Bulls to recover on the right track.
The billionaire crypto added that it was “Vry Haussier” in the medium and long term.
