Bitcoin's value lies in its community and social contract, according to Galaxy Digital CEO Mike Novogratz.

From Investing.com
November 14, 2024 2:00:22 pm:

Galaxy Digital CEO Mike Novogratz shares a fresh perspective on Bitcoin, emphasizing the importance of a unique “social contract” within the cryptocurrency’s community. He believes that this social element adds significant value to BTC beyond its decentralized structure and scarcity, highlighting the dedication and shared goals of long-standing supporters.

According to Novogratz, the community behind Bitcoin is essential to its foundation and value, with individuals dedicating time, energy, and resources to its development. He emphasizes the collective force of the community as a driving factor in maintaining and strengthening Bitcoin’s value through belief and shared purpose, highlighting the behind-the-scenes work that has shaped the cryptocurrency.

Novogratz’s call to action to expand Bitcoin’s influence underscores the cryptocurrency’s evolution from a digital asset to a vibrant, active community with a clear purpose. He sees Bitcoin not just as a currency, but as a movement with a strong reputation and dedicated supporters who contribute to its growth and resilience.

Read more at Investing.com: Bitcoin Bull Mike Novogratz Reveals Hidden Value of Cryptocurrency By U.Today