Galaxy Digital CEO Mike Novogratz, Bitcoin after the US presidential elections 
$68,797He shared his expectations regarding price movements on the Unchained YouTube channel. According to Novogratz, no matter who wins the election, Bitcoin may head for a new bull market. Making predictions about the post-election course of Bitcoin, Novogratz said, “If Trump wins, we will exceed $ 73,000 and rise rapidly. “If Harris is elected, it will drop to $50,000, but then a rapid increase will begin,” he said, expressing his expectations through two scenarios.
The State and Impact of the US Economy
Although the crypto billionaire is optimistic about the future of Bitcoin, he does not think so about the US economy. Novogratz stated that the US’s debt, which has reached record levels, could cause the dollar to lose value. The decline of the dollar may bring the risk of inflation.
“I have low hopes that the United States will be able to recover its financial situation,” Novogratz said. “Professional people who can keep inflation at 4-5% at best should be at the table,” he said and added, “This debt will continue to slowly inflate. Even under these conditions, the value of Bitcoin will continue its upward trend.”
Market Reactions and Expectations
In this period when the USA is faced with a debt reaching 35.866 trillion dollars, Novogratz’s predictions point to the long-term growth potential of Bitcoin. The outcome of the presidential election could shape the market reaction and have an impact on Bitcoin’s value.
Investors are closely monitoring the possible reflections of political uncertainties and economic indicators on the cryptocurrency market. Novogratz’s predictions offer important clues about the future of the market and urge investors to be careful.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
