{"id":52897,"date":"2025-05-22T10:23:03","date_gmt":"2025-05-22T10:23:03","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/novogratz-says-u-s-debt-crisis-lifts-bitcoin\/"},"modified":"2025-05-22T10:23:03","modified_gmt":"2025-05-22T10:23:03","slug":"novogratz-says-u-s-debt-crisis-lifts-bitcoin","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/novogratz-says-u-s-debt-crisis-lifts-bitcoin\/","title":{"rendered":"Novogratz Says U.S. Debt Crisis Lifts Bitcoin"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>Bitcoin is pushing close to new highs, and Galaxy Digital\u2019s CEO Mike Novogratz believes the broader economic climate in the United States is a major reason why. Speaking with Bloomberg, he outlined how both political shifts and market conditions have given digital assets new momentum.<\/p>\n<p>Novogratz pointed to a mix of leadership and policy changes that have influenced institutional interest in <strong><a href=\"https:\/\/igaming.org\/cryptocurrencies\/section\/what-is-a-bitcoin\/\">Bitcoin<\/a><\/strong>. He credited BlackRock CEO Larry Fink for helping kick off the first wave of corporate adoption, calling his <strong><a href=\"https:\/\/igaming.org\/crypto\/blackrocks-larry-fink-calls-bitcoin-a-rival-to-gold-in-investment-strategy\/\">pivot <\/a><\/strong>a turning point.<\/p>\n<hr\/>\n<p><em><strong>Good to know<\/strong><\/em><\/p>\n<ul>\n<li><em><strong>Bitcoin reached a new all-time high of $111,746 today<\/strong><\/em><\/li>\n<li><em><strong>Galaxy Digital\u2019s Mike Novogratz sees debt and inflation concerns as drivers<\/strong><\/em><\/li>\n<li><em><strong>Institutional support has increased since BlackRock backed Bitcoin<\/strong><\/em><\/li>\n<\/ul>\n<hr\/>\n<p>Novogratz explained, <em>\u201cIt started with Larry Fink. When he got orange-pilled, the largest asset manager in the world said \u2018this is a real asset,\u2019 at least Bitcoin, that everyone should be a part of and lots of other companies\u2026 followed suit.\u201d<\/em><\/p>\n<p>But in his view, the real shift came with a more favorable stance to<em>ward crypto under the Trump administration. Novogratz suggested that the change in tone from U.S. regulators has encouraged more risk-taking. \u201cThat was kind of round one of institutions coming in. But really it was the shift of approach from the Gary Gensler SEC to this Trump Administration which has just embraced our industry, and that freed up the animal spirit, both here and abroad.\u201d<\/em><\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong><strong>Get 125% \/ $2,500 on 1st deposit!<\/strong><\/strong> <\/p>\n<p>New players only. Exclusive Welcome Bonus of up to $2,500<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>At the same time, America\u2019s mounting debt issues are adding fuel to Bitcoin\u2019s appeal, according to Novogratz. He highlighted the weakening dollar and bond sell-offs as long-term catalysts. <em>\u201cWe\u2019re in a really hard position as a country\u2026 We have this kind of debt, yield curves are selling off everywhere, the dollar is under pressure, and that all is very good for Bitcoin and crypto assets as well.\u201d<\/em><\/p>\n<p>As Bitcoin now trades at <strong>$110,450 as per CoinMarketCap data, just below <a href=\"https:\/\/igaming.org\/crypto\/bitcoin-hits-record-high-of-111k-after-3-percent-daily-gain\/\">$111,746<\/a>, a new all-time high made today<\/strong>, Novogratz\u2019s comments reflect a growing belief that current macroeconomic trends may help drive further growth in the crypto space.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/novogratz-ties-bitcoin-growth-to-policy-and-pressure\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) Bitcoin is pushing close to new highs, and Galaxy Digital\u2019s CEO Mike Novogratz believes the broader economic climate in the United States is a major reason why. Speaking with Bloomberg, he outlined how both political shifts and market conditions have given digital assets new momentum. Novogratz [&hellip;]<\/p>\n","protected":false},"author":34,"featured_media":48034,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/52897"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=52897"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/52897\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/48034"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=52897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=52897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=52897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}