Novogratz: Bitcoin could reach $500,000 if the US converts reserves to BTC.

Michael Novogratz, CEO of Galaxy Digital, predicted that the price of bitcoin (BTC) could reach $500,000 if the US establishes a strategic reserve for the main cryptocurrency. The position of Donald Trump, recently elected as US president, could be supported by the proposal of Senator Cynthia Lummis on a "Bitcoin Law", which could redefine global policy on crypto assets.

Novogratz's opinion emerged in an interview with Bloomberg Television, when they discussed the potential impact of this measure.

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