PANews reported on November 13 that Novogratz, a well-known cryptocurrency investor, said that he believes that the US dollar does not need any support and that Bitcoin is less likely to become a reserve asset. However, he pointed out that if the speculation that Bitcoin is regarded as a strategic reserve asset comes true, its price may reach $500,000. If Bitcoin becomes a reserve asset, other countries will need to buy Bitcoin. Bitcoin should match gold within ten years.
Novogratz: Bitcoin is less likely to become a reserve asset, but if it does, its price could reach $500,000
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