EddieJayonCrypto
14 Feb 24
Billionaire Mike Novogratz has expressed his confidence in Bitcoin due to the US debt accumulation, which is over $34 trillion at the time. Novogratz warns of financial issues ahead due to the reduced foreign appetite for US debt and the high interest rate environment. He believes that as interest r...
Billionaire Mike Novogratz has unwavering confidence in Bitcoin due to the US debt accumulation, which is over $34 trillion at the time. Novogratz warns of financial issues ahead due to the reduced foreign appetite for US debt and the high interest rate environment. He believes that as interest rates go higher, debt payments will also increase, leading to unsustainable growth. At the time of writing, Bitcoin is trading for $49,559.
Disclaimer: The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.