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    The value of bitcoin could rise to $500,000 if the US creates a strategic reserve for this cryptocurrency.

    ​​Michael Novogratz, CEO of Galaxy Digital, predicts that the value of bitcoin could rise to $500,000 if the US creates a strategic reserve for this cryptocurrency. Discussing the potential impact of such a move during an interview with Bloomberg Television, Novogratz noted:

    🍾"If we get a reserve in bitcoins, I, as someone who owns a lot of bitcoins, will not cry... I think the price of bitcoin will reach $500,000. It's a completely different paradigm because it forces all other countries to do it repeating this approach."

    🤔 Despite such an optimistic price forecast, Novogratz expressed doubts about the likelihood of the US creating a reserve for bitcoin under the Trump administration. "I still think it's unlikely," he said, citing the lack of a significant Republican majority in the Senate.

    🍕"I think it would be very smart for the U.S. to take the bitcoins that they have and maybe add a little bit to them to say we want to show the world that we're going to be a tech-oriented, crypto-focused country and digital assets... I don't think the dollar needs any support"said the Galaxy Digital CEO.

    At the Bitcoin 2024 conference in Nashville, Trump proposed the creation of a US strategic reserve for bitcoin, promising, if re-elected, to create a national reserve of bitcoin and implement cryptocurrency-friendly policies.

    Since his re-election, discussions about this reserve have intensified. Senator Cynthia Loomis introduced the "Bitcoins Act", which would allow the government to purchase up to one million bitcoins over five years, representing about 5% of its entire issuance.

    Meanwhile, individual US states have already decided to create a reserve in bitcoin even before the inauguration of the new president.

    All in all, a unique situation is emerging. Usually presidential candidates make very unrealistic promises before the elections, soon after the victory the promises are immediately forgotten and then everything goes as it should.

    But what is surprising in the current US election campaign, before the election the promises were quite expected from the candidate of the Republican Party, but they were not full of revolutionary ideas and did not promise the impossible.

    😕 For Trump, however, the opposite happened. Immediately after the victory, but two months before taking office, Trump and his team began making frightening statements hinting at the establishment of an imminent revolution in finance and government the likes of which America had not seen since the adoption of the Declaration of Independence on July 4, 1776.

    There are two options for the development of this revolutionary story:

    Option one: These are just words and scaremongering; in reality nothing revolutionary will happen after Trump takes office.

    🚀 Option two: Trump and team are not bluffing and will in fact dismantle the Fed, the WHO, the CDC, abolish the dollar monopoly, repeal the gender agenda as promised by Elon Musk, put pedophiles in jail, withdraw from NATO and stop aid to Ukraine.

    🤔 However, judging by historical practice in over 200 years of US history, the first option is the main one. And spaghetti will be removed from voters' ears as early as January.

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