Galaxy Digital: The US will consider using Bitcoin to replace the USD

US considers Bitcoin to replace USD?
Alex Thorn, senior director at Galaxy Digital, said the US government could consider  Bitcoin (BTC)  as a potential alternative to the  US dollar  in the future.

Speaking on  Bloomberg Television , Thorn said that the idea of ​​the US implementing  a Bitcoin Strategic Reserve (BSR)  is “quite feasible.”

According to him, history has proven that fiat currencies do not last forever, and it makes sense to look for alternatives, like Bitcoin.

“Countries like El Salvador have already directly held or mined Bitcoin. With the new administration’s proactive approach, it is necessary to regulate cryptocurrency policy to maintain competition. We are not ready to think about the future after the dollar, but considering Bitcoin as an option is not unrealistic.”

Mike Novogratz , CEO of Galaxy Digital, predicts that if the US implements a Bitcoin reserve, the price of  BTC  could rise to  $500,000 .

“ If the US were to deploy its Bitcoin reserves, it would be a game changer because it would force other countries to take action. I have seen unprecedented interest in the Middle East. In just three days, some major investors have entered the Bitcoin market.
With Trump pledging to become the ‘Bitcoin president’ and now being elected, it has certainly caught the attention of global leaders. A spectacular Bitcoin rally could be just around the corner.