Galaxy Digital CEO Mike Novogratz is outlining how he thinks Bitcoin (BTC) will move after the United States votes for a new president.
In a new interview on the Unchained YouTube channel, Novogratz says that Bitcoin will spark a new bull market regardless of who wins the US presidential race.
But he predicts that the Bitcoin bull market will be slightly delayed if Democratic candidate Kamala Harris comes out on top.
“I think on a Trump win, we break $73,000 and go a lot higher fast. On a Harris win, we probably flush down to high $50,000s [to] low $60,000s, bottom and then end up going up pretty quick.”
While the crypto billionaire holds a rosy view on the future of BTC, his outlook on the US fiscal situation is bleak. Novogratz believes that the only way out for the US to pay off its record-high debt is to debase the dollar at the risk of runaway inflation.
“Just so I’m really clear on my macro view, I think the chance of the US getting its act together is really low. I think actually almost the best we can hope for is really gifted people around the table who can run inflation at 4% to 5% but not have it accelerate and slowly inflate away this debt.
And in that case, Bitcoin should still go higher.”
At time of writing, the national debt of the United States stands at $35.866 trillion.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
The post Crypto Billionaire Mike Novogratz Unveils Bitcoin Post-Election Prediction, Says BTC Can Go ‘A Lot Higher Fast’ appeared first on The Daily Hodl.
Galaxy Digital CEO Mike Novogratz is outlining how he thinks Bitcoin (BTC) will move after the United States votes for a new president. In a new interview on the Unchained YouTube channel, Novogratz says that Bitcoin will spark a new bull market regardless of who wins the US presidential race. But he predicts that the
The post Crypto Billionaire Mike Novogratz Unveils Bitcoin Post-Election Prediction, Says BTC Can Go ‘A Lot Higher Fast’ appeared first on The Daily Hodl. Bitcoin, BTC, mike novogratz, News
This articles is written by : Nermeen Nabil Khear Abdelmalak
All rights reserved to : USAGOLDMIES . www.usagoldmines.com
You can Enjoy surfing our website categories and read more content in many fields you may like .
Why USAGoldMines ?
USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.