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Crypto Billionaire Mike Novogratz Unveils Bitcoin Post-Election Prediction, Says BTC Can Go ‘A Lot Higher Fast’

Galaxy Digital CEO Mike Novogratz believes that Bitcoin (BTC) will enter a new bull market regardless of the outcome of the US presidential election. However, he predicts that if Democratic candidate Kamala Harris wins, there may be a slight delay in the bull market. Novogratz also expresses a bleak outlook on the US fiscal situation, stating that the only way to pay off the country's record-high debt is to debase the dollar, which poses a risk of runaway inflation. Despite this, he believes that Bitcoin will continue to rise in value. The national debt of the United States currently stands at $35.866 trillion.

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