Millionaire founder and former fund manager Mike Novogratz said the United States would be far behind if the kingdom did not develop a digital US dollar in the foreseeable future.
Mike Novogratz is a bitcoin and crypto advocate who often voices his views on the crypto market. In the latest reality, he is of the opinion that digital assets will be an important one in the future. But with less proactive action by the kingdom, the U.S. may fall behind especially to countries like China.
In many circumstances, the U.S. has been slow to adapt to crypto developments, especially in the way of crypto regulations. The result is a U.S. country. has lagged behind in trading financial products such as bitcoin and crypto trading exchanges (ETFs).
Recently, the neighboring US state of northern Canada has become the country that launched the product. On the different side, China has also announced a digital version of the yuan and it has been in the review phase for several months. The digital yuan has now gone through several stages of testing and has been used by a select group of people in preparation for its widespread use.
The price of BTC has now surged to the price level of $ 59,941.22 and ETH has risen to the price level of $ 2,132.66.
