Bitcoin’s strategic reserve under Trump – Mike Novogratz is unlikely.

Mike Novogratz, founder of crypto investment and research firm Galaxy Digital, believes there is a “low chance” of President-elect Trump establishing a strategic reserve of Bitcoin (BTC) during his term.

In an interview with Bloomberg TV, the CEO of Galaxy Digital stated that he expects conflict between different government agencies. Novogratz also argued that the US dollar does not need another asset to maintain its supremacy as the international reserve currency.

I think it's very smart for the United States to take bitcoin, maybe add a little bit more to it, and say we want to show the world that we're going to be a technology-first country — crypto, a digital asset-first country, I don't think the dollar necessarily needs anything.

“We have the strongest military in the world. We have the most important economy in the world,” continued the CEO of Galaxy Digital – explaining that he expects Bitcoin to reach $500,000 if the strategic reserve is established by the US government.

Related: Galaxy poised for more gains after 25% surge on Trump win: analyst

Bitcoin to $500,000 once the sovereign HODL competition begins

Novogratz clarified his statement by saying that if the BTC strategic reserve was established in the United States, it would trigger a BTC arms race among sovereign powers. The CEO said:

“I think Bitcoin will go to 500,000 dollars – this is a different paradigm because it will force all countries. [to buy it]And countries are buying it.

In the year

The Bhutanese government has been quietly issuing bitcoins for years. By September 2024, Arkham Intelligence revealed that Bhutan was in possession of approximately $780 million worth of digital assets.

Both countries saw their Bitcoin holdings rise, with El Salvador posting a nine-figure gain and Bhutan's total crypto holdings surpassing the $1 billion mark.

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