Mike Novogratz: Bitcoin Could Hit $500,000 If Strategic Reserve Established Despite Low Probability

Mike Novogratz has stated that Bitcoin could reach $500,000 if a strategic reserve is established. He emphasized that if this reserve happens, other nations would need to buy Bitcoin, driving up its price. However, Novogratz also noted that the probability of such a reserve being created is low. The first mention of a Bitcoin reserve was in May.

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