Mike Novrozrats says that the dollar is weak, the expansion of the deficit and the deteriorating financial situation in America is “very good” for Bitcoin and encryption.
The CEO of Crypto Galaxy Digital Asset Director says that the current financial situation in America is bullish with Bitcoin (BTC) and Crypto.
In a new interview with Bloomberg, Novoghatz He says Many factors contributed to the rise of digital assets, including President Donald Trump and CEO of Blackrock Larry Fink for the Strip.
“It started with Larry Fink. When he got an orange, the largest asset manager said,” This is one of the real origins, at least Bitcoin, everyone should be part of other companies … followed their example.
This was a kind of first round of the upcoming institutions. But in reality, the transformation of the approach from Gary Gensler SEC (the American Securities and Stock Exchange Committee) to the Trump administration, which has just adopted our industry, which was freed from the animal’s spirit, here and outside. “
However, Novoghatz goes on saying that the current inconvenient financial situation in America is ultimately good for the best encryption assets according to the maximum market and the digital asset industry in general. The Trump administration’s failure to reduce the debt to GDP significantly said that a blessing for the asset category.
“We are really difficult as a country … We have this type of debt, curves that are sold everywhere, the dollar is under pressure, and that everything is very good for Bitcoin and Crypto also.”
BTC is trading for $ 10,961 at the time of writing this report, slightly less than the highest new level ever.
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Disclosure: The views expressed in Daily Hodl are not an investment advice. Investors must do due care before making any high -risk investments in bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trading on your own responsibility, and any losses you may bear are your responsibility. Daily Hodl does not recommend buying or selling any encrypted currencies or digital assets, and Hodl Daily Andersor is an investment. Please note that the daily Hodl participates in dependent marketing.
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