Future

United

Galaxy

Bitcoin

Higher

<p>In a recent <a href="https://www.youtube.com/watch?v=t-J9dKYSXJY&amp;t=12s" rel="noopener noreferrer nofollow">interview </a>on the Unchained YouTube channel, the Galaxy Digital CEO, Mike Novogratz has outlined how he thinks Bitcoin will move after the US elections. He states that Bitcoin will spark a new bull market regardless of who wins the US presidential race.</p>  
<h2 class="wp-block-heading" id="h-btc-to-go-a-lot-higher-fast">“BTC To Go A Lot Higher Fast”</h2>  
<p>However, if Democratic candidate Kamala Harris comes out on top, he predicts that the Bitcoin bull market will be slightly delayed.&nbsp;</p>  
<p>“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.”</p>  
<h2 class="wp-block-heading" id="h-us-economy-concerns">US Economy Concerns</h2>  
<p>While the crypto billionaire holds a promising view on the future of BTC, his viewpoint on the US fiscal situation was unfavorable.&nbsp; He pointed out that the record levels of US debt could lead to a depreciation of the dollar and a declining dollar could bring about inflation risks. 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.</p>  
<p>“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,” he underscored.&nbsp;</p>  
<p>Notably, the national debt of the United States stands at $35.866 trillion. Amid the US debt reaching $35.866 trillion, Novogratz’s predictions underscores Bitcoin’s long-term growth potential. The outcome of the presidential elections will shape the market reactions significantly and impact Bitcoin’s value.</p>

Mike Novogratz Makes Bitcoin Predictions Post US Elections, Sees A Promising Future For BTC

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