#InvestInBitcoin

[cryptotechnews24]

Bitcoin: A Safe Haven Amid Rising U.S. National Debt

In a shocking revelation concerning the surging U.S. national debt, billionaire, trader, and vocal pro-crypto advocate Mike Novogratz has issued a fervent call to action. Novogratz, a prominent figure in the crypto community, expressed his dismay at the alarming increase in debt and labeled it as "insane." He now implores investors to consider purchasing Bitcoin (BTC) as a potential safeguard against the depreciating value of the U.S. dollar, which has been largely attributed to the government's expansive monetary policies.

The Alarming Increase in Debt

Charlie Bilello, chief market strategist, recently disclosed that the national debt has soared by a staggering $1 trillion since the suspension of the debt ceiling just last month. These figures are indeed concerning, and Novogratz draws attention to the gravity of the situation. The U.S. public debt currently stands at an overwhelming $32.47 trillion as of the first week of July, exceeding the maximum borrowing limit of $31.4 trillion.

Bitcoin as a Safeguard

Novogratz's call to invest in Bitcoin stems from his concern over the government's inflationary monetary practices and the potential consequences of the escalating national debt. He believes that the surge in debt may act as a catalyst for an increase in money supply, which in turn could drive BTC prices higher. As an established store of value, Bitcoin has gained recognition as a hedge against economic uncertainties and inflationary pressures.

The Future Outlook

With the temporary suspension of the debt ceiling until Jan. 1, 2025, and the requirement to reduce the U.S. budget deficit by $1.5 trillion over the next decade, the current financial landscape remains uncertain. Novogratz's advocacy for Bitcoin investment stems from his belief that the depreciating value of the U.S. dollar, coupled with the increasing debt, makes BTC an attractive asset class for potential investors.

Investing in Bitcoin: A Strategy for the Future

As the national debt continues to rise, and the U.S. dollar faces inflationary pressures, investing in Bitcoin offers potential advantages. Novogratz's call to action encourages investors to explore the opportunities presented by BTC as a safeguard against the uncertainties of traditional fiat currencies. By diversifying their investment portfolios with cryptocurrencies like Bitcoin, investors can potentially protect their wealth and position themselves for long-term financial stability.

Conclusion

Billionaire Mike Novogratz's urgent call to action highlights the escalating U.S. national debt and the potential risks it poses to the value of the U.S. dollar. Novogratz, a renowned trader and crypto advocate, urges investors to consider Bitcoin as a means to safeguard against inflationary practices and the surge in debt. By exploring the potential of cryptocurrencies, such as Bitcoin, investors can adapt their investment strategies to navigate the evolving financial landscape effectively. For more articles visit: Cryptotechnews24 Source: u.today

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[cryptohubsstuff]

El Salvador has passed landmark legislation providing the legal framework for a Bitcoin- backed bond - known as the "Volcano Bond" - that will be used to pay down sovereign debt and fund the construction of its proposed "Bitcoin City". The bill passed on Jan. 11 with 62 votes for and 16 against, and is set to become law after it is ratified by President Bukele. The National Bitcoin Office of El Salvador announced the passage of the bill in a Jan. 11 Twitter thread, noting that it would begin issuing the bonds soon. According to crypto exchange Bitfinex, which is the technology provider for the bonds, the Volcano Bond or Volcano Tokens - would allow El Salvador to raise capital to pay down its sovereign debt, fund construction of the Bitcoin City and create Bitcoin mining infrastructure. The volcano descriptor for the bonds is derived from the location of the country's Bitcoin City, which is set to become a renewable crypto-mining hub powered by hydrothermal energy from the nearby Conchagua volcano. Bitfinex notes that the city would be a special economic zone similar to those seen in China, which would offer tax advantages, crypto-friendly regulations and otherwise incentivize Bitcoin businesses for its residents. The bonds have been targeted to raise $1 billion for the country, with half of it going into building the special economic zone. According to the initial proposal, the tokenized bonds would be denominated in U.S. dollars, have a ten-year maturity date and carry an annual interest rate of 6.5%. Samson Mow, a Bitcoin proponent who has been involved in the development of the Volcano Token, told Cointelegraph that the bill's passage could help turn the country into a "major" financial hub. #bitcoinworld #cryptotraders #bitcointalk #bitcoininvestor #investinbitcoin #bitcoinatm #invest #cryptoinvestment #bitcoinart #poloniex #blockchain #bch #altcoin #bitcoinsallday #bitcoinvalue #bitcoinminers #cryptocrunchapp #cryptomonedas #bitcoinminingpool #cryptocurrency #shiba #shibainu #elsalvador🇸🇻 https://www.instagram.com/p/CncDD9YsN6-/?igshid=NGJjMDIxMWI=

[hellenjones260]

Can You Invest In Bitcoin In India?

Is Bitcoin really allowed in India? Can you invest in Bitcoin in India this year? In this social infographic, you will get answers to these questions. https://bit.ly/3usFfS1

[nftically]

Bitcoin is a type of electronic money known as a cryptocurrency. It is a decentralised digital currency that is not backed by a bank and may be sent directly from one user to another on the peer-to-peer bitcoin blockchain network.

[wwtweets]

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[franklong12]

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[takizawarola172]

Dropouts invest in Bitcoin at the age of 12,millionaires at the age of 18

Erik Finman made a bet with his parents that if he turned 18 and was a millionaire, they wouldn’t force him to go to college. Thanks to his savvy investments in bitcoin and the current all-time high valuation, he won’t have to get his degree.

“I can proudly say I made it, and I’m not going to college,” Finman said...

[byronbenito]

Reposted from @plugcrypt0 Did u invest? ° ° ° ° ° ° #bitcoinchina #smartcontracts #kucoin #tradinglifestyle #investinbitcoin #bitcoinminning #tradelifestyle #miningrig #binancetrading #wallstreet #blockchain #bch #binance #cryptocurrencycommunity #cryptoeducation #bitcoinasia #cryptocrunchapp #bitcoinmoney #investorsclub (en Guayaquil, Ecuador) https://www.instagram.com/p/COvCGsGFEui/?igshid=oz12u7vniy2f

[btcmemes]

Reminds me of my youth. Now I’ve got better uses for Bitcoin. 🤓 #besafe #testyourdrugs #investingtips #investing101 #investinbitcoin #investing #cryptoretired #defi #dex #tokens #ico #presale (at Petco Park Stadium- San Diego, CA) https://www.instagram.com/p/CEwc3tBApMG/?igshid=ri5atuz786kc

[intocryptonews]

Some of the biggest investors in the world – like Paul Tudor Jones – have stepped forward at some point this year to speak their praises for bitcoin. Now, a new investor – a major face behind Tesla, the Elon Musk-owned car company – is claiming that bitcoin could potentially serve as the world’s first global currency in the coming years. ⠀ Bitcoin Could Get Much Bigger Than It Is ⠀ Ark Invest analyst Yassine Elmandjra explained recently: ⠀ “ While scarce and durable, bitcoin also is divisible, verifiable, portable, and transferable, a range of monetary characteristics that confer superior utility, potentially driving demand and deeming it suitable, if not superior, for the role of global digital money.” ⠀ Elmandjra is not just predicting big things for bitcoin. As an avid follower of Tesla, he explained that he sees the automobile venture reaching new heights by the year 2024, and that its shares and stock prices could increase “seven-fold.” ⠀ The Words “Digital Gold” Make Sense ⠀ Still, Elmandjra has high hopes for the world’s leading digital asset, claiming: ⠀ “ We believe, as a suitable contender for the first global digital money, bitcoin should attract demand that’s similar, at a minimum, to that of gold. Bitcoin’s complexity should not prevent financial institutions from analyzing it in depth. Yet, contrary to claims that it is in a massive bubble, bitcoin’s network value or market cap is less than two percent that of gold… We believe bitcoin not only shares many of gold’s characteristics, but it also improves upon them.” ⠀ 👉 Follow Us on Instagram 🙏: @intocryptonews ⠀ 👉 Latest Crypto News On The Website: - http://intocryptonews.com/ ⠀ #cryptocurrencynews #btchalving #bitcoinusa #bitcoinholder #investinbitcoin #cryptonews #bitcoin #digitalgold #btcprice #bitcoinmarketcap #cryptotalk247 #bitcoinhashrate #intocryptonews #bitcoins #bitcoinhodler #bitcoininfo #timeforplanb #bitcoinmarket #bitcoinhalving #bitcoinnews #bitcoininvestor #btc #cryptocurrency #bitcoinprice #cryptolife #gold #tesla #cryptocurrencies #bitcoinprediction #crypto https://www.instagram.com/p/CCJ7TKJAhUA/?igshid=1ntmgd9btnvmz

[gelirimolsun61]

Yarın Çok Geç Olabilir. mydexpayrehberim.com #investinbitcoin #mydexpay #blockchainmining #blockchainwallet #paribu #btcturk #ethereumclassic #masternode #masterlife #bitrota #masternodes #bitcoinminers #ethereummining #investigator #investorlife (İstanbul Kadıköy) https://www.instagram.com/p/CAVelI6A4ik/?igshid=1cyrkct4sfxo4

[nftically]

Ever since the rise around crypto grew in the first few months of 2021, investment rates in India and worldwide grew to new heights. This stems from the rise in value of cryptocurrencies like Bitcoin, Dogecoin or various others.

[wwtweets]

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[franklong12]

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[conscious-coach]

Bitcoin is a better store of Value Than Gold. Divisible, transportable, finite supply and easily transferable #bitcoin #gold #investinbitcoin #bitcoininvestor #2019 #newyear #bitcoinnews #bitcoinvalue https://www.instagram.com/p/BsDrNxlAqpC/?utm_source=ig_tumblr_share&igshid=1d62mv9u376vz

[intocryptonews]

In the latest episode of his “Keiser Report” TV show, Max Keiser predicted that the Iranian and Venezuelan regimes would force the Trump administration to embrace BTC. ⠀ Thanks to Tehran potentially controlling 3% of the Bitcoin hash rate already and Venezuela — briefly — accepting BTC payments, the U.S. joining the fight for Bitcoin supremacy is only a matter of time. ⠀ “Iran has already got 3% of global hash rate, so now I think Venezuela will get 3%–5% pretty quickly,” Keiser said. ⠀ “And then at some point America will say, ‘We’ve got to enter the 21st century space race of mining Bitcoin,’ and then they’ll try to seek 20% of the hash rate, and then security goes up dramatically, and the price goes to $400,000, $500,000.” ⠀ For Keiser, repeating previous arguments, Bitcoin represents the “reformation of free speech” which governments deny citizens by controlling the currency, and therefore the entirety of their position within the state. ⠀ “The truth is if you want individual sovereignty, if you want justice, if you want uncensorable, unconfiscatable, indestructible wealth, there’s only one way to go — and that’s Bitcoin.” ⠀ Please let me know what you think about this. ⠀ 👉 Follow Us on Instagram 🙏: @intocryptonews ⠀ 👉 See All The Latest Crypto News On The Website: - http://intocryptonews.com/ ⠀ #cryptolife #bitcoinusa #cryptocurrency #bitcoinnews #investinbitcoin #bitcoinprice #bitcoinfutures #cryptotalk247 #bitcoinholder #cryptocurrencynews #btc #bitcoinprediction #bitcoininfo #bitcoinmarket #cryptonews #bitcoinhodler #crypto #bitcoins #bitcoinhalving #btchalving #btcprice #bitcoin #maxjeiser #bitcoininvestor #bitcoinhash #bitcoinhashpower #intocryptonews #timeforplanb #bitcoinmarketcap #cryptocurrencies https://www.instagram.com/p/CCE3KdFAlSJ/?igshid=crunqmv49cs9