{"id":403890,"date":"2019-11-11T06:45:20","date_gmt":"2019-11-11T06:45:20","guid":{"rendered":"https:\/\/uniquehot.com\/?p=403890"},"modified":"2019-11-11T06:38:15","modified_gmt":"2019-11-11T06:38:15","slug":"novogratz-america-will-be-left-behind-without-transition-to-crypto","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/novogratz-america-will-be-left-behind-without-transition-to-crypto\/","title":{"rendered":"Novogratz: America Will Be Left Behind Without Transition to Crypto"},"content":{"rendered":"

It is clear to see that momentum in the crypto industry is all coming from China at the moment. While the US is still fumbling with regulatory uncertainty, the red dragon is forging ahead with its own crypto and blockchain plans for a digital future.<\/p>\n

Get Into Crypto or Lose Out<\/h2>\n

The US is in danger of falling behind as the race for crypto and digital supremacy heats up. A number of nations, mostly in Asia, have started research and development on their own central bank cryptocurrencies<\/a>. The US meanwhile is in danger of getting left behind if it refuses to transition to the digital world.<\/p>\n

Galaxy Digital founder and hedge fund manager Mike Novogratz stated that the US will lose the crypto and fintech race, and with it the reserve currency status;<\/p>\n

\u201cAnd if we don\u2019t transition to a digital world that will change. We are way behind on a crypto USD.\u00a0 China is coming. And coming fast. They are way ahead in fintech. Their President just publicly claimed his support to all things blockchain. We risk losing our reserve status\u201d<\/p><\/blockquote>\n

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And if we don\u2019t transition to a digital world that will change. We are way behind on a crypto USD. China is coming. And coming fast. They are way ahead in fintech. Thier President just publicly claimed his support to all things blockchain. We risk losing our reserve status https:\/\/t.co\/SNbBjdtvDD<\/a><\/p>\n

— Mike Novogratz (@novogratz) November 10, 2019<\/a><\/p><\/blockquote>\n