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$BTC 🔥 What happens if 1 million BTC from Satoshi is sold?
1. Market sentiment will panic
This is an extremely negative event in terms of psychology. Even without actually needing to sell, just a few wallets belonging to Satoshi moving BTC could cause the price to drop sharply in a matter of minutes.

Satoshi is seen as a 'sacred' symbol in the community – 15 years of silence has helped reinforce long-term trust. If suddenly 'Satoshi returns and dumps', it is a sign of trust being shattered.

2. Impact on BTC price
Assuming 1 million BTC is gradually sold:

That’s nearly 5% of the total maximum Bitcoin supply, and about 10–15% of the current circulating supply.

Just a few hundred thousand BTC sold on the open market could cause the price to drop by tens of percent – quickly.

A large sell-off would put very strong supply pressure on exchanges, causing price drops, triggering stop-loss orders, and potentially leading to a cascade liquidation.

3. Impact on the broader ecosystem
Bitcoin ETFs, large institutions, miners, DeFi, and stablecoins collateralized by BTC could be affected in a chain reaction.

The crypto ecosystem could lose trust in the short or medium term.

Some people may leave the market if they believe that 'Satoshi has lost faith in his own creation'.

⚠️ But: This has never happened
In the past 15 years, there has been no solid evidence that Satoshi ever spent BTC.

Satoshi's absolute silence adds to the 'legend' surrounding him – much like a mystical figure in the modern tech world.

#MuskAmericaParty Elon Musk claims he has ‘formed’ his own political party after fallout with Trump: ‘Give you back your freedom’

Elon Musk says he has formed a new political party amid his ongoing feud with President Donald Trump.

Musk asked his 221.7 million X followers to vote in a poll deciding whether he should form the new “America Party” on Friday. The tech mogul first threatened to form a party earlier this week if Congress passed Trump’s sweeping tax and spending legislation, which he calls the “Big, Beautiful Bill.”

The billionaire has argued that the legislation, which the president signed into law on Friday, will increase the deficit by trillions.

After 65 percent of respondents voted “yes” on his poll, Musk says he’s following through.

“By a factor of 2 to 1, you want a new political party and you shall have it,” Musk wrote Saturday afternoon. “When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy.”

“Today, the America Party is formed to give you back your freedom,” he added.

Trump’s “Big, Beautiful Bill” passed in the Senate with a tie-breaking vote from Vice President JD Vance on Tuesday. The House passed the bill on Thursday, and Trump signed it into law during a Military Family Picnic celebration for Independence Day.

The bill provides sweeping tax cuts — particularly to wealthy Americans — while curbing access to Medicaid and food assistance programs for millions of people. The legislation also provides billions more for defense and immigration enforcement.

Musk, once known as Trump’s “First Buddy,” sparked a public feud with the president last month over the bill, arguing it will increase the budget deficit by $2.5 trillion.

#HODLTradingStrategy
1. Holding Strategy (HODLing)
Goal:
Long-term asset growth (6 months - several years).
Believing in the future value of the coin/token.

Applicable to:
Bitcoin (BTC), Ethereum (ETH), Monero (XMR), large platform coins.
Some tokens have practical applications, have backers, reputable dev teams (eg: LINK, ARB...).

How to do it:
Buy when the market drops sharply (DCA - average price).
Store on cold wallets or self-custody wallets (like Ledger, Trezor, Cake Wallet).
Not affected by short-term fluctuations.

Risks:
The market can go sideways for a long time.
Prone to FOMO when the price increases or sell short when afraid of a decrease.

2. Trading Strategy (surfing)
Goal:
Increase short-term profits (several hours - several weeks).
Take advantage of strong price fluctuations in crypto.

Applicable to:
Coins/Tokens with good liquidity, high volume (SOL, AVAX, XRP...).
There are technical signals or sudden news.

Trading styles:
Scalping: short orders, low profit but many orders.
Day trading: intraday orders, based on volume, trend.

Swing trading: hold for a few days, catch the recovery/correction wave.
News trading: trade according to news (airdrop, hardfork, exchange list...).

Support tools:
TradingView chart, Tensorcharts, Coinalyze.
Indicators: RSI, MACD, Fibonacci, EMA, OBV...
Follow whales: Whale Alert, Lookonchain.

Risks:
Losing if entering at the wrong time.
Psychological pressure, time consuming to monitor.

3. HODL + Trading (Hybrid) Combination Strategy
Capital division:
70% of capital for long-term holding: BTC, ETH, XMR, etc.
30% for trading: Take advantage of waves, cash flow, short-term trends.

Benefits:
Both have long-term growth assets.
Both have flexible cash flow from trading profits.
Limit FOMO or short-selling.

General management tips:
Record investment diary (in/out, reason, emotion).
Use stop-loss to limit losses.
Do not go all-in, always have cash waiting for opportunities.
Follow the market cycle (uptrend - downtrend - sideway).

$BTC Whales are slowly withdrawing capital
Over the past 12 months, whales (including long-term holders, miners, 2011 wallets…) have sold over 500,000 BTC (~$50 billion at current prices)
Notably, two wallets that have been “dormant” for 14 years since 2011 transferred a total of 20,000 BTC (~$2 billion) on July 4, 2025, but there are no signs of profit-taking – only internal transfers
The trend of decreasing ownership from large whales combined with strong buying from other sides is creating a “power shift” in the Bitcoin market

Institutional platforms are taking over strongly
Institutions, ETFs, funds and corporate treasuries have absorbed ~900,000 BTC in the same period, far exceeding the amount sold by whales

ETFs such as IBIT (BlackRock) and Fidelity’s FBTC hold ~694,000 BTC and ~199,000 BTC

MicroStrategy (renamed Strategy) continues to buy ~4,980 BTC (~$532 million), bringing its total holdings to ~597,000 BTC (~$64 billion)

Along with businesses like Trump Media, building billion-dollar internal Bitcoin treasuries

#SpotVSFuturesStrategy Spot trading and futures trading are two different forms of trading in the financial markets, especially in the cryptocurrency market. The main difference between them lies in the way the trade is conducted and the factors involved such as leverage, risk, and transaction time.
Spot Trading:
Buying and selling immediately:
Spot trading involves buying or selling an asset (e.g. cryptocurrency) at the current market price and the transaction is executed immediately.
Owning the asset:
When a spot trade is successful, you actually own the asset.
No Leverage:
Spot trading does not use leverage, which means you can only trade with the capital you have.
Less Risk:
Because there is no leverage, spot trading is generally considered to be less risky than futures trading.
Profit based on price movements:
Profits from spot trading depend on the price movements of the asset. If the price increases, you can sell the asset for a profit.
High liquidity:
Spot trading is usually highly liquid, meaning you can buy or sell assets quickly.
Futures trading:
Contract-based trading:
Futures trading involves trading a contract to buy or sell an asset at a future date at a pre-agreed price.
No ownership of the asset:
You don't actually own the underlying asset when trading futures, you're just trading the contract.
Use of leverage:
Futures trading often uses leverage, which allows you to trade with more capital than you actually have, potentially increasing your profits but also increasing your risk.
Higher risk:
Because of the leverage, futures trading is riskier, which can lead to large losses if the market moves against you.
Profits based on price movement prediction:
Profits from futures trading depend on the ability to accurately predict the direction of the asset's price movement in the future. You can profit from both rising and falling prices of the asset.
High liquidity (usually):
The futures market is usually highly liquid, but can be more volatile than the spot market.

#OneBigBeautifulBill
Many of the provisions of the Tax Cuts and Jobs Act of 2017 (TCJA) affecting individual taxpayers are scheduled to expire at the end of 2025 (the “sunset”). If it occurs, the sunset will result in over $4 trillion of tax increases in 2026. The scheduled tax increases include higher individual income tax rates and an approximately $7 million decrease in the estate tax exemption amount. This possibility has Congress awash in tax proposals to avert the sunset. In addition, various legislative proposals have been circulated to provide additional tax relief, including eliminating tax on tips and expanding the state and local tax deduction limitation.

Transfer taxes (gift, estate, and generation-skipping transfer [GST] tax) constitute one of the smaller tax revenue items at stake1 but several proposals have been introduced to specifically address these taxes. The current exemption amount for all three federal transfer taxes is $13.99 million per person ($27.98 million for married couples). In other words, an estate’s value up to $13.99 million (for a single person) does not incur federal estate tax upon the owner’s death. Estate tax is levied at a rate of 40%. If the sunset occurs, all three transfer tax exemption amounts will decrease to approximately $7 million as of January 1, 2026.

Both houses of Congress have introduced separate bills to extend the 2017 tax cuts. Both of these bills include provisions to avoid the scheduled transfer tax sunset by maintaining exemption amounts at their current levels. There are, however, differences between the House and Senate bills. The House has introduced one bill, endorsed by President Donald Trump as “one big, beautiful bill.” The one big, beautiful bill addresses border security, energy policy, and tax cuts. The Senate bill addresses border security first, and tax cuts will be addressed later in a second, separate bill.

The one big, beautiful bill would allow all issues to be addressed at the same time and provide a quicker resolution for taxpayers.

#USNationalDebt According to Yonhap News Agency, the FSC will establish a comprehensive legal framework including anti-money laundering (AML) standards and regulations for the custody of digital assets, aimed at minimizing systemic risks and enhancing transparency. This is a strategic move to help South Korea compete directly with financial hubs like Singapore and Hong Kong in the race to become the top destination for global crypto investors.
South Korea is currently one of the largest retail cryptocurrency markets in the world. According to data from the FSC, the citizens of this country hold approximately 104 trillion won (equivalent to 75.7 billion USD) in digital assets by the end of 2024. The emergence of domestic spot Bitcoin ETFs – if successfully implemented – is expected to significantly boost the market scale as well as the acceptance rate of digital assets in this country.

In addition to the ETF plans, the FSC is also considering issuing a stablecoin pegged to the won by the end of 2025. This move aims to address concerns about capital outflows from the financial system – which the International Monetary Fund (IMF) estimates could reach up to 40.8 billion USD in the early part of 2025 – and strengthen the country's monetary control capabilities.

President Lee sees this as part of a strategy to expand financial sovereignty and create economic development opportunities for the youth – a key pillar of his agenda.

On June 18 at around 11 PM local time, a SpaceX Starship rocket exploded at the Starbase testing facility in Texas, USA. This is where the company is preparing for the 10th test flight of the reusable Starship rocket.

According to SpaceX's announcement, the rocket encountered "serious issues" while on the test stand. The explosion created a large fireball rising high into the sky. However, a safety zone had been established beforehand, and no one was injured. The company also confirmed that the incident posed no danger to the surrounding community and urged residents not to approach the site of the incident.
This is the latest incident in the risky testing series of the Starship rocket. Previously, on January 16, 2025, a Starship rocket shattered during an "unplanned disassembly," causing debris to burn brightly over the Caribbean region. By March 6, another vehicle lost contact during a test flight and disintegrated over Florida.

On March 27, a 123-meter tall Starship rocket encountered issues again. After failing to open the doors to release a mock satellite, the craft began to spin uncontrollably and ended with a crash into the Indian Ocean. Nevertheless, CEO Elon Musk still called that test a "significant improvement" and stated that SpaceX would accelerate the pace, aiming for a new flight every 3 to 4 weeks.

SpaceX stated that it is coordinating with local authorities to address the incident that occurred on the night of June 18.

#SwingTradingStrategy Digital assets have just been legalized, SSI immediately forms an alliance with 3 giants to conquer the $100 billion market.
The alliance between SSI, Tether, AWS, and U2U Network promises to boost the development of digital asset infrastructure in Vietnam – one of the most dynamic markets in the world.
On June 19 in Hanoi, SSI Securities Corporation and its member units including SSI Asset Management Company (SSIAM), SSI Digital Ventures, and SSI Digital (SSID) signed a strategic cooperation agreement with three global 'giants': Tether – the largest stablecoin issuer in the world, U2U Network – a Layer-1 blockchain platform, and Amazon Web Services (AWS) – the leading cloud computing service provider.

The agreement focuses on three main pillars: developing digital asset infrastructure (SSID, SSIAM, Tether), investing in blockchain technology (SSI Digital Ventures, U2U Network), and building a 'hybrid' infrastructure model combining cloud and decentralized (SSID, U2U, AWS).

$BTC According to Coinmarketcap data, at 7:30 AM on June 20, 2025 (Vietnam time), the price of Bitcoin was trading at 104,654 USD, down 0.38% in the past 24 hours. The trading volume of the largest market capitalization cryptocurrency was at 37.2 billion USD, and two economic indicators that previously predicted Bitcoin's price increases are now signaling positively.

These are the copper/gold ratio and the annual growth rate of the global M2 money supply. History shows that whenever these two indicators turn positive, Bitcoin usually begins a strong rally within 6-10 months afterward.

The copper-to-gold price ratio is often seen as a measure of market risk appetite. Since mid-2025, this index has stopped declining and started to stabilize, even showing a tendency to rise, indicating that investors are expecting the economy to soon recover.

TechDev believes that if copper continues to outperform gold in the near future, it will mark the bottom of the economic cycle – a familiar precursor to Bitcoin's price rallies.

The second factor is the return of liquidity, the catalyst for Bitcoin’s price increase. The global M2 money supply index has also turned to positive growth after a long period of contraction due to the tightening policies of central banks.
TechDev emphasizes: When global liquidity increases, Bitcoin usually rises as well. He cited the period after the COVID-19 crisis, when the global M2 increased sharply and Bitcoin soared from below 10,000 USD to over 60,000 USD in just one year. Conversely, when liquidity dries up as seen in 2022-2023, Bitcoin also weakens rapidly.
Current data suggests that Bitcoin may soon enter a new growth cycle.

$USDC The Genius Act has been passed with a vote of 68/30, supported by both the Democratic and Republican parties. This bill will be sent to the Republican-controlled House of Representatives before being presented to President Donald Trump for signing into law. The Senate's passage of the Genius Act marks an important milestone for cryptocurrency regulation in the U.S. and aligns with Trump's promise to enact cryptocurrency-friendly regulations.

Mr. Bo Hines, head of President Trump's Digital Asset Advisory Council, stated that the White House wants the Genius Act to be passed by the House before August to ensure a synchronized legal framework.

Stablecoins - cryptocurrency tokens pegged to the USD - are considered the safest and least volatile form of digital currency because their value is tied to traditional currency. They have been increasingly used in recent years.

If signed into law, the stablecoin bill will require tokens to be backed by liquid assets, including bank deposits, short-term Treasury bonds, as well as cash. Another provision of the bill empowers banking regulators to oversee stablecoin issuers in the U.S. This act could extend the influence of the USD in the cryptocurrency world, with USD-backed stablecoins seen as a safe financial haven from local currencies prone to significant volatility.

On June 19, The Hill reported that the U.S. Department of Justice has just announced the largest cryptocurrency seizure to date related to a 'pig butchering' scam.

The U.S. Attorney's Office has petitioned the court to seize over $225.3 million (5.88 trillion VND) in cryptocurrency from a sophisticated money laundering network aimed at concealing the source of the funds obtained through scams.

Previously, the Federal Bureau of Investigation (FBI) and the Secret Service used blockchain analysis and 'other investigative techniques' to determine that these funds were linked to illegal activities.

'The seizure of $225.3 million related to these cryptocurrency investment scams is the largest cryptocurrency seizure in the history of the U.S. Secret Service,' said Shawn Bradstreet, a special agent in charge of the San Francisco (California) office of the U.S. Secret Service.

'These scams exploit trust, often leading to extreme financial hardship for victims. The U.S. Secret Service, FBI, and our private partners have worked diligently to track these illegal transactions, identify victims, and seize these funds so that they can ultimately be returned to their rightful owners,' he said.

#MyTradingStyle Current regulations on cryptocurrency have evolved into a comprehensive set of rules, covering all aspects from taxation and anti-money laundering (AML) checks to licensing, custody standards, and user protection. Notably, digital assets are no longer considered 'fringe assets' but are being classified as mainstream financial instruments.

National and supranational authorities such as the U.S. Securities and Exchange Commission (SEC) and the Financial Action Task Force (FATF) continuously publish new interpretations and are the clearest signs that cryptocurrency is becoming an indispensable part of the global mainstream regulatory framework.

Alongside this, a particularly prominent trend in 2025 is the adoption of cryptocurrency driven by policy rather than price. A clearer legal framework is helping many individual and institutional investors confidently enter the market.

For example, in Brazil and the United Arab Emirates (UAE), proactive market regulation has yielded impressive results. While Brazil is integrating Drex (the digital real) with the Pix system and recording stablecoins appearing in about 90% of cryptocurrency remittance transactions, the UAE saw a 41% surge in cryptocurrency app downloads in 2024, reaching 15 million downloads, thanks to clear licensing rules and friendly regulations.

Meanwhile, many businesses are integrating crypto assets into payments, balance sheets, and settlement. For instance, Circle has partnered with Onafriq to reduce the $5 billion cross-border payment costs in Africa.

$USDC According to data from Coinmarketcap, at 8:00 AM on June 18, 2025 (Vietnam time), the price of Bitcoin traded at 104,771 USD, down 2.3% in the last 24 hours. The trading volume of the largest market capitalization cryptocurrency stands at 53.7 billion USD.

The Bitcoin mining industry is going through a volatile phase, marked by skyrocketing production costs and the network's hashrate reaching record levels.

This increase not only reflects pressure from the highest network difficulty of all time but also due to rising energy costs and fierce competition among mining companies.

According to the latest report from TheMinerMag, the average cost to mine one Bitcoin has risen from 52,000 USD in Q4 2024 to 64,000 USD in Q1 2025. It continues to climb above 70,000 USD in Q2 2025, an increase of over 34% in just two quarters.

TheMinerMag notes that the Bitcoin mining difficulty has surpassed 126 trillion. Data from Coinwarz supports this, with charts showing a strong increase in recent years.

Bitcoin mining difficulty measures the difficulty of finding a valid block on the Bitcoin network. It has no specific physical unit. Instead, it is a relative index compared to Bitcoin's initial difficulty when the genesis block was mined in 2009. A difficulty of 126 trillion means it is currently 126 trillion times harder than at the beginning.

The increase in difficulty is driven by an average 14-day hashrate reaching 913.54 EH/s, just 10% away from hitting the zetahash milestone (1,000 EH/s).

#GENIUSActPass The GENIUS Act relates to the issuance and exchange of stablecoins, a form of digital currency backed by another currency such as the US dollar or a commodity like gold.

Stablecoins are designed to be less volatile than other cryptocurrencies, which can have significant price fluctuations and thus pose challenges for individuals using them to buy or sell.

The bill establishes rules for stablecoin issuers, including a mandatory requirement for companies to hold a reserve of underlying assets for this cryptocurrency. This regulation aims to protect consumers, who would otherwise risk being unable to withdraw cash during a rapid and widespread coin sell-off.

In a separate effort to protect consumers, this measure will require issuers to prioritize repayment to coin holders in the event of bankruptcy. The measure also mandates that issuers comply with certain anti-money laundering rules and counter-terrorism sanctions.

Supporters of the GENIUS Act welcome this measure as a first effort to formalize an important segment of the cryptocurrency industry, providing consumer protection, allowing traditional financial companies to participate, and fostering the development of the digital currency market.

"This opens the floodgates," Catalini said. "You will see the participation of many issuers. Consumers will have more choices. This will bring more competition and innovation in payments."

#FOMCMeeting According to data from Coinmarketcap, at 8:00 AM on June 17, 2025 (Vietnam time), the price of Bitcoin is trading at 107,250 USD, up 1.69% in the past 24 hours. The trading volume of the largest market capitalization cryptocurrency is at 52.5 billion USD.
Latest data from CryptoQuant shows that long-term Bitcoin wallets are recording the highest net purchases in months.

According to on-chain analyst AltcoinGordon, this is a sign of a significant accumulation phase, which often occurs before strong price increases or reflects solid confidence in Bitcoin's long-term value.

The chart shows blue bars - indicating inflows to long-term wallets - skyrocketing, reinforcing investors' optimistic expectations.

While Bitcoin is being heavily accumulated, Bitcoin Dominance is also on a continuous upward trend, according to analysis from DaanCrypto.

This makes it difficult for altcoins to attract inflows. Many projects unlocking tokens and a lack of real demand from the spot market are causing altcoins to lose momentum.

Even last month's short squeeze on Ethereum was not enough to create a ripple effect.

Daan warns: "Most altcoins will underperform Bitcoin over the long term."

With increased buying power from long-term investors and Bitcoin increasingly dominating the market, the overall sentiment is clearly leaning towards Bitcoin.

Unless there is a significant boost in inflows or a change in market sentiment, altcoins will continue to face difficulties in the near future.

Investors are advised to be cautious when allocating capital to higher-risk assets such as altcoins.

$BTC As of the morning of June 16, Vietnam time, the world's largest cryptocurrency - Bitcoin - increased by 0.08% to 105,726 USD. Most altcoins also increased, with Ethereum increasing by 1.3% to 2,568 USD; XRP added 1.25% to 2.17 USD. Meanwhile, Solana and Cardano simultaneously added 6.68% and 2.07%

In the memecoin group, Dogecoin decreased by 1.07%, while TRUMP added 0.32%. The total global cryptocurrency market capitalization is currently around 3,290 billion USD, with a trading volume of 82.94 billion USD in the past 24 hours.

Bitcoin found support at the 50-day simple moving average (SMA 50) at $103,604 late last week, but bulls are struggling to push the price above the 20-day exponential moving average (EMA 20) at $106,028, a sign that demand at higher levels is waning. Both the flat 20-day EMA and the relative strength index (RSI) hovering near the midpoint indicate that the market is not yet in favor of either the bulls or the bears. If bulls push the price above the 20-day EMA, BTC/USDT could rise to the resistance zone of $110,530 - $111,980. As expected, selling pressure will increase at this zone, but if bulls prevail, the price could break out to $130,000. On the other hand, if the price falls below the 50-day SMA, the important psychological level of $100,000 could be tested. If this level is broken, Bitcoin risks falling further to the $93,000 region.

#VietnamCryptoPolicy The National Assembly of Vietnam has passed the Law on Digital Technology Industry on June 14, bringing digital assets under management and supervision.

According to local media reports, this law will take effect from January 1, 2026, recognizing cryptocurrency assets and laying the groundwork for broader digital innovation across the country.

The law classifies digital assets into two categories: virtual assets and cryptocurrency assets. Although both rely on encryption or digital technology for validation and transfer, neither category includes securities, digital fiat currency, or other financial instruments.

The government is currently tasked with outlining specific business conditions, classifications, and supervisory mechanisms for these types of assets.

This law also requires cybersecurity and anti-money laundering measures in accordance with international standards, an effort that may aim to address concerns of the Financial Action Task Force (FATF). Vietnam has been on the FATF's "gray list" since 2023.
In addition to cryptocurrency, this law reflects the ambition to become Vietnam's digital technology hub.

It offers comprehensive incentives for businesses operating in the fields of AI, semiconductors, and digital infrastructure. This includes tax reductions, land use benefits, and R&D support, especially for companies developing core technologies such as chip design and AI data centers.

On the morning of June 16, Metaplanet – a software company listed on the Tokyo Stock Exchange – announced the issuance of 210 million USD in zero-interest bonds to purchase additional Bitcoin.
Specifically, at the Board of Directors meeting on the same day, Metaplanet approved the plan to issue its 18th series of regular bonds with a total value of 210 million USD, an interest rate of 0%, with no collateral or guarantees. Each bond has a face value of 5 million USD and will be repaid in full on the maturity date of December 12, 2025.

All of these bonds are exclusively distributed to the EVO FUND institutional investment fund, which has conducted several large transactions with Metaplanet. According to the agreement, EVO FUND can request Metaplanet to repay all or part of the bonds early, provided that a notice is sent at least 5 working days in advance.

Notably, Metaplanet has also implemented a special mechanism: if the company continues to receive additional capital from EVO FUND in multiples of the bond's face value (i.e., each additional amount of 5 million USD), Metaplanet can use that money to repay part of the issued bonds, even before the payment is due.
According to CEO Simon Gerovich, Metaplanet has spent 117.2 million USD to acquire an additional 1,112 BTC at an average price of about 105,435 USD/BTC on June 16.
This transaction has officially increased the total number of BTC held by the company to 10,000 BTC (over 1 billion USD), surpassing the 9,267 BTC currently held by Coinbase. This information has caused Metaplanet's stock to surge by 21.74%, reaching 1,837 yen/share, increasing the total rise since the beginning of 2025 to over 408%.

$BTC Is Bitcoin heading towards the milestone of 1 million USD? From 'digital gold' to a new macro asset
According to Mike Novogratz – founder and CEO of Galaxy Digital, Bitcoin is increasingly becoming an indispensable part of the long-term investment portfolio of financial institutions. He believes that this digital currency is on the path to replace gold and could very well reach a price of 1 million USD if it dominates the role of a global store of value.

Speaking on CNBC on June 12, Novogratz noted that Bitcoin is no longer seen as a speculative tool on the sidelines. Nowadays, many large investment funds have placed it alongside gold, silver, and the S&P 500 in their asset allocation strategies. “Ten years ago, mentioning Bitcoin was considered fanciful. Now, it has been institutionalized,” he said.

According to this billionaire, the key factor lies in the absolute scarcity of Bitcoin. The total supply is capped at 21 million coins, of which a significant portion has been lost forever. This creates rarity over time – a characteristic only seen in assets like gold.
Novogratz believes that if Bitcoin achieves a market capitalization equivalent to gold (currently only about 10%), the price of each coin could potentially increase tenfold. Additionally, he emphasizes the macro context – including the weakening of the USD and inflationary pressures – is prompting investors to seek alternative assets, with Bitcoin standing out due to its independence from government and its inability to be printed more.

Large organizations like Tesla, MicroStrategy, and BlackRock have all approached Bitcoin, contributing to its legitimization within the global financial ecosystem.