Mike Novogratz - CEO of Galaxy Investment - has just provided profound insights into the current situation of Bitcoin, reflecting a challenging phase but also opening up great potential in the long term for the cryptocurrency market.
š§ The two main stories of Bitcoin
According to
#Novogratz , Bitcoin is currently living parallel to two major stories:
The macro story - Bitcoin is likened to 'digital gold', a safe haven asset when the global financial system is in turmoil. As confidence in the USD or traditional monetary policies wanes, Bitcoin becomes an alternative, similar to the role of gold.