Reflecting on a recent dinner with some of the early Bitcoiners, Galaxy Digital CEO Mike Novogratz shared a fresh perspective on the cryptocurrency and its often overlooked aspect that he believes adds more value to BTC.
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.
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Thus, according to Mike Novogratz, it is not just the decentralized structure or scarcity that gives Bitcoin (BTC) 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.
He believes that it is this social fabric that keeps Bitcoin 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.
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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.
Source: https://u.today/bitcoin-bull-mike-novogratz-reveals-hidden-value-of-cryptocurrency