Crypto Clash: Clinton Vs. Novogratz In Heated War Of Words

[TomPluz]

Sparks flew this week at the Bloomberg New Economy Forum as political heavyweight Hilary Clinton squared off against crypto advocate Mike Novogratz, CEO of Galaxy Digital, over the fate of the US dollar. The fiery exchange centered on Bitcoin’s potential role in de-dollarization, a trend where countries reduce reliance on the greenback for international transactions.

The former Secretary of State fired the first shot, warning that Bitcoin’s rise could “undermine the Dollar as a reserve currency,” citing its influence on de-dollarization efforts like those by the BRICS Group. This echoed growing concerns about the dollar’s long-term dominance, fueled by factors like geopolitical tensions and rising US debt.

Source: https://coinmarketcap.com/community/articles/65c91ee96fbd8439f8241fbd/

In my analysis, we can finally say that those in the top are now feeling the possible de-dollarization phenomenon where the USA Dollar is going to lost its revered status as the global reserve currency used in almost all international transactions between countries and people. Once this can happen, then we can see the standard of living of most Americans plummet considerably and the country's international leadership and hegemony slashed dramatically. But is Bitcoin a culprit for this? That seems to be what convinces the former first lady and failed presidential candidate Hillary Clinton is telling others in that Bloomberg forum. Good to see Mike Novogratz, CEO of Galaxy Digital, a known Bitcoin supporter and promoter, counteracting what Hillary just presented. Personally, I do agree that to some level Bitcoin can be affecting the dominance of the dollar but not as much as what reckless politicians in Washington are doing and not as much as printing money and spending billions for other others can do. I do believe that Bitcoin can even be helping the country and its economy in more ways than one. Do you think it is good to see Bitcoin pitted against the dollar or is there even a merit with this debate?

[SamReomo]

I think what she said was purely to gain attention nothing else. Bitcoin is not a risk for dollar and it's not there for de-dollarization.

In fact Bitcoin can be a useful asset for US as well and that's why the SEC has approved the ETFs.

I guess miss Clinton is saying all those things because she wants public's attention and wants to gain favor from those who dislike the concept of Bitcoin.

[Lucius]

I think what she said was purely to gain attention nothing else. Bitcoin is not a risk for dollar and it's not there for de-dollarization.

Bitcoin will probably never be accepted to such an extent that it would threaten such large financial systems as the one in the US, and even if it were to happen one day in the future, the solution would be very simple, declaring Bitcoin illegal in the US.

In fact Bitcoin can be a useful asset for US as well and that's why the SEC has approved the ETFs.

The SEC approved spot BTC ETFs because it was facing a wall and faced new lawsuits from companies seeking approval - but you might want to read what Gensler wrote after the approval regarding what his and the SEC's official position is when it comes to Bitcoin.

Good to see Mike Novogratz, CEO of Galaxy Digital, a known Bitcoin supporter and promoter, counteracting what Hillary just presented.
~snip~

Mike supports what brings him profit, even those projects that seem like a scam from the very beginning. He has lost all credibility in the Bitcoin community a long time ago, so what he says is completely irrelevant - he is promoting his company, and Mrs. Clinton is trying to ride any political wave that appears.