“我仍然认为可能性很低，”诺沃格拉茨周三在接受彭博电视台采访时说。“虽然共和党控制着参议院，但他们没有近60个席位。”他还建议称：Source: Jin10 Data
Renowned cryptos investors believe that the possibility of the usa establishing a global strategy reserve of bitcoin is very low, but once it happens, it will force other countries to buy bitcoin.
Michael Novogratz, the billionaire head of the cryptocurrency investment firm Galaxy Digital, stated that the likelihood of the usa establishing a bitcoin strategic reserve as proposed by elected President Trump is low.
"I still think the likelihood is very low," Novogratz said during an interview with Bloomberg television on Wednesday. "Although the republicans control the Senate, they do not have nearly 60 seats." He also suggested that:
"I think it would be wise for the usa to leverage the bitcoins it holds, perhaps even add some more, and show the world that it will become the leading nation in global technology and digital assets... I don't think the dollar needs anything to support it."
Trump stated at a bitcoin conference in July that once he becomes President, the usa will retain all the bitcoins that the government holds or will acquire, converting "massive wealth into permanent national assets to benefit all americans." Other supporters suggested that the usa buy about 1 million bitcoins, which based on the current price of cryptos would be worth over 90 billion dollars.
If the usa really established a bitcoin strategic reserve, Novogratz predicts that the price of the largest global cryptocurrency would soar to 0.5 million dollars. The trading price of bitcoin has already set a historical high of over 0.093 million dollars.
"If the usa establishes a bitcoin strategic reserve, as someone who holds a large amount of bitcoin, I wouldn't feel sad," Novogratz said. "I think bitcoin will rise to 0.5 million dollars. This is a different paradigm because it forces all other countries to join in."
Last week, Trump won a landslide victory in the presidential election, pushing the cryptocurrency market leader bitcoin up more than 30%, and boosting the overall market cap of digital assets to above its peak during the pandemic. Trump has been a skeptic of cryptos during his first term, but has since become a vocal advocate, with his family even launching a decentralized finance project.
Novogratz, a former partner of goldman sachs and fortress investment group, saw his net worth soar to about 5.4 billion dollars this week, an increase of 3.8 billion dollars from the end of 2022. Following Trump's victory, his digital assets company achieved its best trading day performance of the year on November 6.
As a long-time supporter of the Democratic Party, Novogratz criticized Massachusetts Senator Elizabeth Warren's remarks on X earlier on Wednesday. Warren condemned Trump's announcement that billionaire Elon Musk and entrepreneur Vivek Ramaswamy would lead a new government efficiency department. The department's acronym is DOGE, which is one of Musk's favorite memes and also shares a name with the dogecoin he heavily promoted.
Warren has been a vocal critic of cryptos and has become a favorite target of complaints among industry participants.
Editor / jayden
Today, after hitting the high near 24,000 in the early session and entering bearish positions, the index fell sharply by nearly over 600 points, immediately recouping yesterday's losses significantly.
Moreover, today it broke the new high again, reaching a maximum of 24,076, but by the end of the market, it fell back by about 70 points, producing a bearish candle. The current trend has not yet been broken, but from the previous low until now, it has risen close to 6,000 points. It is believed that those with positions can continue to hold until there is a clear trend reversal for profit-taking. Those without positions can wait for a pullback to get in. Actually, it is hoped for a quick pullback, as it allows for entry and also provides a healthy breath.
Currently, the outlook remains the same as before. It is believed that even if there is a pullback, it shouldn't be too deep. However, if Futures fail to stabilize and close below 22,350, there may still be room for decline. The chance of Futures falling below 21,400 in the short term should be low, so it is considered that if a significant pullback occurs, it presents a good opportunity to incrementally go long. Recently, there has been a consistent approach to not hold positions overnight, only focusing on immediate trades, as there is no high chasing and no casual short selling.
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