Mike Novogratz Challenges China to Be the First Developers of World Base Reserved Crypto Currency
Michael Edward Novogratz (born November 26, 1964) is an ex-hedge fund manager, formerly of the investment firm Fortress Investment Group. He was ranked a billionaire by Forbes in 2007 and 2008. Wiki
Mike the now CEO of Galaxy Investment partners tweeted, reacting to an article by Brian Brooks. Brian is the chief legal officer of Coinbase, a cryptocurrency exchange, The article titled
“America Could Lead the Transition to a Digital Currency Reserve”
Despite be a citizen of America, Mike Novogratz encourage China to be the table toppers when it comes to Crypto.
This is an important point. If China creates a crypto RMB that could become the payment of choice in lots of the developing world. If I was President Xi, and in a Cold War with the USA, I would be racing to do just that.
RMB (renminbi). here is the official currency of the People’s Republic of China. The yuan is the basic unit of the renminbi, but is also used to refer to the Chinese currency generally, especially in international contexts where “Chinese yuan” is widely used to refer to the renminbi. Wiki