Galaxy Digital chief executive Mike Novogratz is shedding light on what he believes is the most bullish aspect of Bitcoin (BTC) beyond its role as a store of value.
During a recent On the Tape podcast interview, the billionaire emphasized that many overlook the fact that Bitcoin has ignited a global and viral financial revolution. Novogratz asserts that the cryptocurrency triggered the first-ever global speculative mania, unlike anything seen in the past. He points out that during the 1999 internet bubble, global participation was limited, whereas with Bitcoin, people from all corners of the globe are participating and spreading the word about its potential.
Furthermore, Novogratz highlights the broader movement that Bitcoin is a part of, encompassing concepts of decentralization and peer-to-peer transactions. This movement is resonating with people on a deeper level, as it represents a revolution in cutting out middlemen, empowering individuals to trust themselves, and promoting equal access to financial opportunities.
At the time of writing, Bitcoin is trading at $42,532, marking a slight increase in the past 24 hours. This insight from Novogratz provides a valuable perspective on the global impact and revolutionary nature of Bitcoin and sheds light on its potential for continued growth and adoption.
