{"id":40531,"date":"2021-04-11T11:53:56","date_gmt":"2021-04-11T08:53:56","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=40531"},"modified":"2025-08-30T14:32:37","modified_gmt":"2025-08-30T11:32:37","slug":"mike-novogratz-the-us-needs-a-digital-dollar","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/mike-novogratz-the-us-needs-a-digital-dollar\/","title":{"rendered":"Mike Novogratz: The US Needs a Digital Dollar"},"content":{"rendered":"

Mike Novogratz, founder of Galaxy Digital, says the United States would be at a disadvantage in the global race if it does not create a digital currency soon. He said this in an interview MarketWatch<\/a>.<\/p>\n

According to him, the importance of this step is underscored by China’s progress along the path toward issuing a digital currency<\/a>.<\/p>\n

\n

\u201cFor me, this is an existential crisis; we need a digital dollar,\u201d said the investor.<\/p>\n<\/blockquote>\n

Novogratz says there is no evidence that the Chinese government buys Bitcoin, let alone uses the premier cryptocurrency as a weapon. He commented on the earlier stated suggestion<\/a> by PayPal co-founder Peter Thiel.<\/p>\n

\n

\u201cSometimes he likes to say provocative things,\u201d added Novogratz.<\/p>\n<\/blockquote>\n

Earlier, the prototype of the U.S. digital dollar to be unveiled by July<\/a>. It is being developed by staff at the Boston Fed and MIT.<\/p>\n

The experiments with the digital currency at the Federal Reserve System (the Fed) began in February 2020<\/a>.<\/p>\n

Fed Chair Jerome Powell has previously noted that for the United States it is important not to be first to issue a digital currency, but do so with the right approach<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Galaxy Digital founder Mike Novogratz says the United States will be at a disadvantage in the global race if it does not create a digital currency soon.<\/p>\n","protected":false},"author":1,"featured_media":40532,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1095,1303,1138,26],"class_list":["post-40531","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cbdc","tag-mike-novogratz","tag-opinions","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/40531","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=40531"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/40531\/revisions"}],"predecessor-version":[{"id":40533,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/40531\/revisions\/40533"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/40532"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=40531"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=40531"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=40531"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}