Billionaire Mike Novogratz says this is the most positive case for Bitcoin, aside from the store of value use case

Galaxy Digital CEO Mike Novogratz reveals what he believes is the most optimistic thing about Bitcoin (BTC), beyond its store of value utility.

In a new On the Tape podcast interview, the billionaire explains what he thinks people are missing about the leading crypto asset by market cap – that it sparked an ongoing global and viral financial revolution.

“What I think people miss – and I talked about this a lot in 2017 when we had our first craze – is that crypto was really the first global speculative craze ever. “We never had a global market.

We had a few stocks that traded around the world, but if you go back and look at the 1999 Internet bubble, there was no one in Korea involved, no one in India, no one in Russia, no one participating in it, or anyone in Africa participating in it participated.

Crypto is global, and just like I tell the Bitcoin story on CNBC and Bloomberg and in podcasts here in New York, there's someone in a village in Indonesia telling that story, and the viral nature of eight billion people telling everyone Getting more converts every day, it's also really hard to stop.

The other part of it is that Bitcoin exists within a movement – you can call it crypto or decentralization – and that movement touches people in some way because it feels like a revolution, a revolution where you say, “I want to cut out the middleman.” I want to trust myself, I want to do peer-to-peer transactions, [and] I want to have more efficiency and equal access.'”

Bitcoin is trading at $42,532 at the time of writing, up slightly in the last 24 hours.

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