Billionaire Mike Novogratz Predicts Ballooning US Debt Will Spur New Bitcoin Adoption

Billionaire Mike Novogratz Predicts Ballooning US Debt Will Spur New Bitcoin Adoption


The founder and CEO of Galaxy Digital is predicting that the US’s ballooning debt will quicken the adoption of Bitcoin (BTC).

In a new Bloomberg interview, Mike Novogratz says that more investors are understanding the wisdom of having exposure to Bitcoin in the face of the US’s mounting debt, which threatens to debase the US dollar.

“Each 100 days our government’s adding a trillion dollars of debt. We’re at $34 trillion. We will be at $35 trillion and then $40 trillion. That story is so powerful. It makes it easy for salespeople, for registered investment advisors, to tell their clients put a couple percent of your net worth in Bitcoin. And you’re seeing that happen. This is a process that’s going to go for years,

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