Mike Novogratz, founder of Galaxy Digital, said that unlike other crypto assets, Bitcoin is not suitable for being a currency, while Ethereum (ETH) is already a medium of exchange.
Mike Novogratz said: I don’t think BTC will become a currency, I think it will become a store of value, but Ethereum is already trading like a currency, ETH is becoming the currency of culture, when When people buy NFTs, they spend ETH, people choose to join the Bitcoin community, more people own Bitcoin than the entire population of Russia, and the Bitcoin community is equivalent to the eighth largest country in the world by participants.
Also, if Fed Chair Jerome Powell and U.S. Treasury Secretary Janet Yellen can get inflation back to 2% while reducing debt, Americans won’t have to buy BTC.