Galaxy Digital CEO Mike Novogratz is known for more than just Bitcoin. He has also previously called on the US government to accelerate the development of a digital version of the dollar and introduce crypto regulation.
The billionaire once again expressed his position at the end of this week. He believes that the United States is at risk of lagging behind China technologically if it does not introduce a national digital currency (CBDC) soon.
Novogratz said: "For me, this is an existential crisis, we need a digital dollar."
He also criticized the policies of the Federal Reserve and the Ministry of Finance.
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According to the billionaire, the US authorities are leading the economy to disaster, as turning on the printing press and flooding the market with cash will accelerate inflation and undermine confidence in the dollar.
Ultimately, we will face large-scale financial turmoil if we do not revise our course and focus on digitalization soon, MarketWatch quoted a businessman as saying.
In early April, on CNBC, Mike Novogratz spoke about the great future of bitcoin, which will continue to take new heights. At the same time, the billionaire did not rule out that in terms of capitalization, cryptocurrency could even bypass gold.