Mike Novogratz Urges to Buy BTC

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In light of the US public debt rapidly growing, Mike Novogratz, the CEO of Galaxy Digital, advocates buying Bitcoins.

A recent economist report indicated that interest payments on the debt have exceeded $1 trillion, representing 20% of all tax revenues.

Novogratz shared his opinion in a tweet stating that this increase in Federal Reserve rates would be detrimental to American’s savings.

He later explained his belief that Bitcoin would eventually overtake gold in capitalization.

Currently, the cryptocurrency is in a consolidation phase, however, Novogratz believes it will not exceed $32,000 without additional support.