1 min read
Add as a preferred source on GoogleMacro Analyst Roberto Rios Says High Government Interest Expense Favors Bitcoin (BTC)
Rios linked high interest expense to more government borrowing. He previously forecast Bitcoin would reach $300,000 during the current market cycle.
Mentioned assets
Macro analyst Roberto Rios of The Dollar Endgame said high government interest expense can lead to more borrowing, a backdrop he views as favorable for Bitcoin (BTC) over the long term.
“High interest expense means the government just has to borrow more ... in that environment Bitcoin does exceptionally well in the long term,” Rios said in a video posted Nov. 14.
Rios previously forecast Bitcoin would reach $300,000 during the current market cycle. He also said markets were pricing in more Federal Reserve money creation and fiat debasement, themes discussed in his earlier Bitcoin forecast.