{"id":49647,"date":"2026-08-15T09:15:18","date_gmt":"2026-08-15T09:15:18","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=49647"},"modified":"2026-08-15T09:15:18","modified_gmt":"2026-08-15T09:15:18","slug":"us-fiscal-deficits-keep-galaxy-digital-ceo-mike-novogratz-bullish-on-bitcoin","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=49647","title":{"rendered":"US Fiscal Deficits Keep Galaxy Digital CEO Mike Novogratz Bullish on Bitcoin"},"content":{"rendered":"

\"\"<\/p>\n

Persistent US fiscal shortfalls are sustaining bullishness toward Bitcoin (BTC) even as crypto market enthusiasm stays muted.<\/p>\n

Galaxy Digital founder and CEO Mike Novogratz cites<\/a> data from market strategist Charlie Bilello showing<\/a> that the federal government took in $334 billion but spent $766 billion in July, resulting in a $432 billion deficit that month.<\/p>\n

\u201cThis is getting scary. As a country, we need to turn this around. Sec Bessent was correct in targeting 3-3-3. Unfortunately we aren\u2019t even close to that. War doesn\u2019t help. A Congress that never says \u2018no\u2019 doesn\u2019t help. At one point, the bond market will force fiscal discipline.\u201d<\/em><\/p>\n

\"Image\"
Source: Charlie Bilello\/X<\/figcaption><\/figure>\n

Novogratz links the massive increase in debt directly to inflation across many sectors over the past decade.<\/p>\n

\u201cInflation across so many sectors over the past 10 years is directly correlated to this massive increase in debt. Incumbents on both sides will feel this in the midterms.\u201d<\/em><\/p>\n

The Galaxy Digital executive believes the US government\u2019s record-high debt will eventually contribute to a resurgence for BTC.<\/p>\n

\u201cIt\u2019s the govts inability to deal with its spending addiction that keeps me bullish BTC even in a year where the energy in the crypto space is low.\u201d<\/em><\/p>\n

Novogratz\u2019s comments underscore how ongoing budget imbalances continue to support his long-term positive view on the leading cryptocurrency.<\/p>\n

At time of writing, Bitcoin is trading for $63,416.<\/p>\n

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n

The post US Fiscal Deficits Keep Galaxy Digital CEO Mike Novogratz Bullish on Bitcoin<\/a> appeared first on The Daily Hodl<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Persistent US fiscal shortfalls are sustaining bullishness toward Bitcoin (BTC) even as crypto market enthusiasm stays muted. Galaxy Digital founder and CEO Mike Novogratz cites data from market strategist Charlie Bilello showing that the federal government took in $334 billion but spent $766 billion in July, resulting in a $432 billion deficit that month. \u201cThis […]<\/p>\n","protected":false},"author":1,"featured_media":49648,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-49647","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin"],"yoast_head":"\nUS Fiscal Deficits Keep Galaxy Digital CEO Mike Novogratz Bullish on Bitcoin - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=49647\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US Fiscal Deficits Keep Galaxy Digital CEO Mike Novogratz Bullish on Bitcoin - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"Persistent US fiscal shortfalls are sustaining bullishness toward Bitcoin (BTC) even as crypto market enthusiasm stays muted. 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