The cryptocurrency billionaire still has faith in Bitcoin after the crypto king failed to act as an inflation hedge
, but Galaxy Digital CEO Mike Novogratz insists that the case for the world’s largest cryptocurrency is playing out “every day.”
Novogratz has pointed to the fact that the Turkish lira, the Argentinian peso, and other fiat currencies have sold off hard. The U.S. dollar index, which measures the strength of the greenback against other fiat currencies, recently surged to the highest level in two decades.says that it is hard to see things “not breaking” in the long term due to the growing deficit. While he prays that politicians in Washington D.C. act responsibly, he believes that populism on both sides may cloud their judgment.
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