Billionaire investor Mike Novogratz praises US President Donald Trump's announcement of the establishment of a US Bitcoin reserve, calling it a historic move that sends a strong message to other countries. He believes that this recognition of Bitcoin's role as a strategic financial asset could have significant geopolitical and economic implications. Novogratz also highlights the importance of regulatory changes allowing banks to participate in the crypto ecosystem, which he believes will accelerate institutional adoption. He notes that the Treasury Department's endorsement of dollar-backed stablecoins further solidifies the dollar's status as the global reserve currency. Despite acknowledging the hurdles facing the crypto market, Novogratz remains bullish in the medium to long term.



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