Bitcoin Demand Surges Amidst Concerns over US Debt Crisis, Says Galaxy CEO

Quick Summary:

Galaxy Digital CEO Mike Novogratz has proposed several measures to prevent a U.S.debt spiral.

The executive explained that the U.S.debt crisis makes it “so easy to convince people to buy bitcoin and other hard assets.” He emphasized that implementing these measures could give the U.S.a chance to avoid a “debt death spiral.

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Article Details

Author / Journalist: Kevin Helms

Category: Crypto

Markets: Japan

Topics: Galaxy Digital US Debt Cryptocurrency Debt death spiral National Debt Economics Crypto Debt crisis Mike Novogratz Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-03-30 @ 02:36:14 (1 months ago)

News Timezone: GMT +8:00

News Source URL: news.bitcoin.com

Language: English

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoin News

News ID: 20552490

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About Bitcoin News

Main Topics: Crypto

Official Website: news.bitcoin.com

Update Frequency: 10 posts per day

Year Established: 2008

Headquarters: Japan

News Last Updated: 9 hours ago

Coverage Areas: Japan

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Publisher ID: #62

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