Galaxy Digital CEO Mike Novogratz has urged his followers to "Buy BTC" in response to the US government's increasing interest expense on its sovereign debt. Analysts predict that the Federal Reserve may be forced to lower its benchmark interest rate again if the government cannot keep up. The US government is currently paying $970 billion per year in interest payments, which is the highest interest expense of all time. This suggests that the central bank may need to inject money into the economy again, which could be bullish for risk assets such as Bitcoin.
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