Galaxy Digital CEO remains bullish on BTC amid U.S. spending concerns
By: rootdata|2026/08/13 15:52:19
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Galaxy Digital CEO Mike Novogratz maintains a bullish outlook on BTC, citing rising U.S. government debt and spending as factors that will support Bitcoin's value. He expressed concerns about the U.S. fiscal situation, stating that the government's inability to address spending issues will eventually lead to pressure from the bond market for fiscal responsibility. Novogratz linked inflation over the past decade to significant increases in debt and noted that both parties in Congress will feel the impact in the upcoming midterm elections. Despite low activity in the cryptocurrency market, he remains optimistic about BTC due to the ongoing government spending addiction.
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