Bitcoin Is Leading The Crypto Space – BTC Is Reportedly The Ultimate Store Of Value

Bitcoin (BTC) triggered tons of excitement yesterday when it finally managed to break the $6,000 level, and the race continues towards the $6,400 level.

This is definitely the yearly high for the most important digital asset in the crypto space, and it’s expected to trigger a surge for the other coins as well.

Mike Novogratz calls BTC the ultimate store of value

Galaxy Digital CEO Mike Novogratz was recently interviewed by Bloomberg and he said that Bitcoin has won the battle for the ultimate store of value:

“Yes. It’s won that bucket. It’s won the bucket of store of value. Not as a currency, but as a store of value. It’s won. And all the other cryptos, just like the other 113 elements on the periodic table, have to prove use case, have to be valuable because people use them.”

BTC is digital gold

Novogratz also made sure to highlight the fact that in his opinion, the debate on whether Bitcoin will hit mass adoption to make purchases is irrelevant because BTC is digital gold and this is far more important.

“You can’t buy anything with gold. What have you bought with gold in your whole life? Nothing. Maybe you get a gold coin, and you save it. Bitcoin is a store of value. The Incas and the Aztecs thought gold came from God. That’s why it was a store of value. There’s something magic that happened,” he says.

An optimistic view on the future of crypto

Novogratz was overall really optimistic regarding the future of digital currencies, and he said that he’s never been more confident in crypto.

He also made sure to note that the crypto space keeps attracting smart kids, but also mature entrepreneurs and tech talents as well.

This increasing interest and confidence in crypto is definitely good news.

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