Bitcoin's Rising Value and Economic Policies

Bitcoin has recently topped $90,000, driven by a significant rally following the election of President-elect Trump. Analysts suggest that the new administration's proposed fiscal policies may favor the digital asset, particularly if spending cuts are implemented. Mike Novogratz notes that reducing government spending could lead to lower interest rates, thereby positively impacting the stock market and encouraging investment in cryptocurrencies. However, he emphasizes the need for cautious implementation of these policies to avoid potential hyperinflation and maintain civil society.