On March 15, Galaxy Digital CEO Mike Novogratz proposed on NBC’s Squawk Box a new role for Bitcoin in light of recent stimulus measures — as “a report card for how citizens think the government is doing managing their finances.” If people believe that U.S. Treasury Secretary Janet Yellen et. al. can safely land this “giant supertanker” that is fiscal and monetary stimulus, said Novogratz, then “people will stop moving into Bitcoin.” But for now, “we’re in uncharted territories in how much money we’re printing, and Bitcoin is a report card on that.”
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Source: Cryptocurrency - investing.com
