Famous billionaire Mike Novogratz, known for his support of Bitcoin, continues to support BTC.
Novogratz advised investors in the face of concerns that US interest payments are rising.
Commenting on the fact that the US interest payments increased by $ 41 billion in the second quarter and increased to $ 970 billion, the famous billionaire advised investors to buy Bitcoin.
Citing market analyst Joe Consorti's post that “US interest payments will soon reach $1 trillion,” Novogratz said, “Buy Bitcoin!” said.
Buy $BTC!!! https://t.co/UyGNaGXzyI
— Mike Novogratz (@novogratz) July 27, 2023
The famous billionaire continues to be optimistic about BTC despite the bad course in the US economy.
At this point, Novogratz thinks that Bitcoin is consolidating between $28,000 and $32,000, and a break above the upper range could trigger a nice rally.
However, Novogratz stated that he believes the Fed should start interest rate cuts and make a significant policy change for the expected rise in Bitcoin to occur.
*Not investment advice.
