Part 8/10:
Should the U.S. successfully establish a Bitcoin reserve, significant impacts on Bitcoin's price could unfold. Mike Novogratz, CEO of Galaxy Digital, suggests that Bitcoin could soar to $500,000 if the U.S. begins accumulating Bitcoin on a national scale. He posits that this could trigger a competitive rush among nations to amass Bitcoin, leading to a historical surge in demand.
Prominent figures such as Adam Back, CEO of Blockstream, even speculate that Bitcoin could reach $1 million, driven by immense demand from governments entering the market. However, there are legitimate concerns voiced by critics regarding this potential shift.