6 June 2025 | Bitcoin | Dollar

Trader Michael Novogratz recommends investing in bitcoin amid rising US budget deficit

Trader Michael Novogratz recommends investing in bitcoin amid rising US budget deficit

As debates over the US budget deficit hitting a record $2.5 trillion continue, the issue has been dominating market discussions for the third straight day. Against this backdrop, the administration’s proposed tax relief bill is facing growing criticism. Market participants are particularly concerned about the potential impact of the deficit on both the dollar and bitcoin, according to U.Today.

Billionaire Mike Novogratz recently highlighted the $36 trillion US national debt, predicting it could surpass $50 trillion within a decade. As a solution, he advocates investing in bitcoin. From his perspective, it is the only rational strategy amid such rapid debt growth.

Other influential investors and analysts share his opinion. They argue that the growing deficit is leading to unsustainable interest payments, gradually weakening the US currency. By 2034, the country's annual budget deficit could exceed $5 trillion. Against this backdrop, Novogratz suggests that predictions of bitcoin reaching $1 million no longer seem far-fetched but rather a plausible scenario.

Period: 13.09.2026 Expectation: 150 pips
Selling ETHUSD down to $1,750
Today at 10:45 AM 24
Gold buy
Period: 30.09.2026 Expectation: 46000 pips
Going long on gold amid slowdown in US inflation
Today at 10:33 AM 30
Period: 31.10.2026 Expectation: 1100 pips
Invest in EURUSD up to 1.16400
Today at 10:33 AM 19
Period: 13.09.2026 Expectation: 250 pips
Buying S&P 500 with 8,000 target
Today at 08:35 AM 47
Period: 26.08.2026 Expectation: 1850 pips
EURUSD sell-off targets 1.13500
Yesterday at 11:12 AM 39
Period: 31.08.2026 Expectation: 800 pips
Selling EURUSD on high US inflation readings
Yesterday at 09:37 AM 30
Go to forecasts