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Bitcoin bull Novogratz says U.S. faces ‘existential crisis’ if it can’t engineer a digital dollar soon

Bitcoin bull Novogratz says U.S. faces ‘existential crisis’ if it can’t engineer a digital dollar soon



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  1. Why would a new digital dollar save it? USD is already basically a digital dollar less the 2% that is physical cash. (if its even that much now, does he think 2T in stimulus is actually printed on a press?)

  2. Crazy talk. Existential crisis for the hegemony of the US dollar? Absolutely. Of the entire US? I don’t think so. Big difference.

    I guess it sort of depends on time frame. 200 years? Maybe so. But MANY things are existential threats for US and all nation states in that frame.

  3. tldr; Investor Mike Novogratz said the US needs to come up with a digital dollar to compete with China’s digital yuan. “To me it is a existential crisis, we need a digital dollars,” he added. The digital yuan has long been viewed as not just the evolution of money for China but also a way to compete against the US and other developed economies.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  4. The bigger issue is the move towards decentralized currency. How will governments tax crypto? How will governments prevent tax fraud by the 1%? What will money look like in the future? This is not a US crisis but a necessary movement towards a crypto (or even libertarian) future.

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