Michael Novogratz, CEO of Galaxy Digital, expressed doubt about the possibility of a Bitcoin strategic reserve being established under President-elect Donald Trump.

Novogratz mentioned in a recent interview on Bloomberg Television that the chances of such a reserve being created are low, despite Republican control of the Senate. He emphasized that the party does not hold a significant majority, which could hinder the proposal's advancement.

Novogratz suggested that it would be beneficial for the United States to utilize its existing Bitcoin holdings and potentially acquire more, positioning the nation as a leader in technology and digital assets. He also indicated a belief in the strength of traditional currency without the need for digital asset support.