Cryptocurrency

2024

Value

Galaxy

Bitcoin

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Reflecting on a recent dinner with some of the early Bitcoiners, Galaxy Digital CEO<a href="https://x.com/novogratz/status/1857025216045625527" rel="noopener noreferrer nofollow">Mike Novogratz</a> shared a fresh perspective on the cryptocurrency and its often overlooked aspect that he believes adds more value to<a href="https://u.today/bitcoin-btc-open-contracts-on-crypto-exchanges-hit-ath" rel="noopener noreferrer nofollow">BTC</a>.
Describing the atmosphere at the meeting, Novogratz pointed out the importance of a unique "social contract" that he believes goes beyond typical financial motivations. This social element, the veteran investor suggested, is a crucial part of Bitcoin's appeal and resilience, built on the shared goals and dedication of its long-standing community.
Thus, according to Mike Novogratz, it is not just the decentralized structure or scarcity that gives<a href="https://u.today/planning-the-bitcoin-100000-party-microstrategys-michael-saylor" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a> value. Rather, he sees the community itself - the individuals who have dedicated their time, energy and even resources over the years - as essential to the cryptocurrency's foundation.
<blockquote class="twitter-tweet">
 Had dinner with a bunch of OG <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> holders last night! Amazing how many people helped bring this project forward.l, some in huge ways!! What makes <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> valuable is the social contract of the community. So go orange pill someone today!!! And if anyone has a good hangover…— Mike Novogratz (@novogratz) <a href="https://twitter.com/novogratz/status/1857025216045625527?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 14, 2024</a>
</blockquote>
He believes that it is this social fabric that keeps<a href="https://u.today/bitcoin-surpasses-saudi-aramco-after-hitting-new-record-high" rel="noopener noreferrer nofollow">Bitcoin</a> moving forward, and that a lot of people have done a lot of work, often behind the scenes, to make BTC what it is today. At the end of the day, it is the people behind Bitcoin as a collective force that not only maintains Bitcoin's current value but also strengthens it through belief and shared purpose.
This call to action to expand Bitcoin's influence shows that Novogratz sees its value as tied to its reputation as a movement, not just a digital asset. He believes this shows how the cryptocurrency has evolved from being just a currency to a vibrant, active community with a clear purpose. <a href="https://u.today/bitcoin-bull-mike-novogratz-reveals-hidden-value-of-cryptocurrency" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

Bitcoin Bull Mike Novogratz Reveals Hidden Value of Cryptocurrency

U_Today

Other articles published on Nov 14, 2024

David Schwartz on Ripple’s Strategy and Crypto Payment Adoption Challenges

Dora Factory Vota Launch Enables Private Decentralized Governance

MEW token soars nearly 30%, reaching new all-time-high

Binance goes all in on the bull run, introducing USUAL and more offerings For ACT, PNUT, NEIRO

Weekly Article Recap: 11/04-11/08

Bitcoin Miners Cash In as BTC Soars Past $90K Milestone

Join our free newsletter for daily crypto updates!