Novogratz: Bitcoin as US Strategic Reserve Unlikely Under Trump

Galaxy Digital CEO Mike Novogratz has weighed in on the possibility of Bitcoin being adopted as a strategic reserve asset for the United States, expressing skepticism, particularly under the leadership of former President Donald Trump. In a recent interview, Novogratz argued that the astronomical national debt, currently hovering around $36 trillion, poses a significant challenge for the US dollar, and that any attempt to address it without devaluing the currency seems unlikely. While the idea of Bitcoin as a potential solution has been circulating, Novogratz believes that the political climate under Trump would make such a move highly improbable.