Novogratz: Dalio’s Debt Warning is a Bitcoin Bonanza!

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💸 Billionaire Mike Novogratz, the man who sees Bitcoin as the new gold, has a fresh take on Ray Dalio’s debt warning. He believes that this stark reminder of our financial woes is actually a bullish case for Bitcoin and gold. 💰

But wait, there’s more! Novogratz also thinks that investors should go long on stocks, despite their seemingly high prices. 📈

According to Novogratz, the real risk is Tesla CEO Elon Musk and Treasury Secretary Scott Bessent bringing “financial sanity” back. 🤯 As reported by U.Today, Musk opposed the tax-and-spending bill that would add trillions to the national debt. However, not a single Republican member of the House sided with him, proving that power is more important than money. 💸

Dalio, a longtime Bitcoin investor, opined that the debt trajectory was unlikely to change in the US based on his conversations with politicians on both sides of the aisle. 🗣️

“While virtually everyone agrees on the need to address our debt problem in a balanced way that includes tax increases and cuts to benefits, they also agree that they cannot speak up because politics have become absolutist,” he said in a recent social media post. 📱

Despite his love for Bitcoin, Dalio prefers gold as a safe haven asset due to concerns about Bitcoin’s lack of privacy and potential security issues. 🔒

As reported by U.Today, Novogratz previously predicted that Bitcoin could surpass gold by market cap by the end of the decade. 📈

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2025-07-04 19:06