'Five years out, if bitcoin is not at $500,000 then I'm wrong on the adoption cycle,' said Novogratz. crypto cryptocurrency $BTC
Bitcoin Is a ‘Great Alternative’ in Some Economies
“The biggest thing that’s happened in the last 10 years in lots of ways, maybe longer, is when Europe and the U.S. said: ‘Hey Russia, those reserves that you thought were yours, they’re not really your reserves,'” he told Bloomberg Tuesday.It means the dollar or treasuries as a risk-free asset isn’t so risk free. It’s not risk free if you’re Russian and maybe if you’re Chinese, it might not be risk free either.
“The U.S. isn’t going away. The dollar isn’t going away. But it’s not going to be the sole place. So I think you are going to see this hodgepodge of assets,” Novogratz described.
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