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Novogratz stays bullish on Bitcoin amid US fiscal deficits and inflation concerns.

Market News
13 Aug 2026
UToday
View Source
Bullish
Novogratz stays bullish on Bitcoin amid US fiscal deficits and inflation concerns.

Mike Novogratz, CEO of Galaxy Digital, remains optimistic about Bitcoin due to the persistent fiscal deficits of the U.S. government. He highlights the massive monthly deficits, such as the $432 billion gap in July 2026, and warns that the U.S. is far from achieving fiscal discipline. Novogratz links rising inflation to the growing national debt and expects that bond markets will eventually force the government to control spending. This fiscal uncertainty keeps him bullish on Bitcoin despite low crypto market energy this year.

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