Quinten Francois: CBO projects $2 trillion U.S. deficit for FY2026 despite higher revenue

Quinten Francois: CBO projects $2 trillion U.S. deficit for FY2026 despite higher revenue
CBO projects $2 trillion U.S. deficit

Quinten Francois highlights that the Congressional Budget Office (CBO) estimates a $2 trillion U.S. deficit for FY2026, even with an increase of $169 billion in revenue. Spending outpaced the revenue rise, growing by $386 billion. Francois suggests that this fiscal imbalance is a reason to consider owning Bitcoin.

Francois has recently noted a rise in the probability of Bitcoin reaching $100,000 this year, assigning a 40% chance based on market momentum and price action, according to his previous commentary. He has also discussed Scott Bessent’s involvement in the 1992 trade that broke the Bank of England, highlighting significant historical financial events in his analysis earlier this year. These posts form part of Francois's ongoing focus on major fiscal and market developments.

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