Novogratz disagrees with Clinton, who called bitcoin a threat to the dollar
Mike Novogratz, director of the blockchain company Galaxy Digital, commented on the statement of the politician Hillary Clinton about bitcoin.
During her speech at the economic forum, Clinton decided to touch on the issue related to the consequences of using cryptocurrencies, and stated that bitcoin is capable of undermining the demand for the dollar as a reserve currency.
The only thing that can undermine the dollar's status as a reserve currency is the irresponsible spending of government money by both parties.
Trump and Biden turned a huge budget deficit into the norm and drove us into the most serious financial crisis in my memory. Don't blame Bitcoin. It serves as an indicator for assessing financial responsibility," Novogratz wrote in response to Hillary's words.
It is likely that bitcoin will become an alternative to the dollar in the future, and the authorities of different states will begin to store digital assets as a reserve currency if the dollar depreciates.
People who commented on Mike's publication are skeptical about the prospects of the American financial system and admit that in a few years the US national debt will quadruple to $ 1Z4 trillion due to rampant spending of money. In this case, bitcoin's chances of ending the dollar's hegemony will increase.
Source: https://happycoin.club/novogracz-ne-soglasen-s-klinton-nazvavshej-bitkoin-ugrozoj-dollaru/
