Galaxy Digital CEO: Trump’s Fed Pick Could Spark Bitcoin $200K Rally but Threatens U.S. Stability
- Mike Novogratz predicts Bitcoin could surge to $200,000 if Trump appoints a dovish Fed chair.
- Yet, Novogratz warns that such aggressive Fed easing could threaten U.S. financial stability and undermine the Fed’s independence.
- He remains heavily invested in crypto but advises traders to avoid excessive leverage.
Galaxy Digital CEO Mike Novogratz says Bitcoin could soar to $200,000 if President Donald Trump appoints a strongly dovish Federal Reserve chair.
Speaking on a recent podcast, Novogratz explained that an aggressively easy monetary policy could ignite a speculative frenzy in both Bitcoin and gold.
Blow-Off Top Fears in the Current Cycle
Notably, podcast host Kyle Chassé expressed concern that the ongoing crypto market cycle might not end in a typical “blow-off top,” the explosive final rally seen in past bull runs.
Novogratz acknowledged the co…
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Galaxy Digital CEO: Trump’s Fed Pick Could Spark Bitcoin $200K Rally but Threatens U.S. Stability
- Mike Novogratz predicts Bitcoin could surge to $200,000 if Trump appoints a dovish Fed chair.
- Yet, Novogratz warns that such aggressive Fed easing could threaten U.S. financial stability and undermine the Fed’s independence.
- He remains heavily invested in crypto but advises traders to avoid excessive leverage.
Galaxy Digital CEO Mike Novogratz says Bitcoin could soar to $200,000 if President Donald Trump appoints a strongly dovish Federal Reserve chair.
Speaking on a recent podcast, Novogratz explained that an aggressively easy monetary policy could ignite a speculative frenzy in both Bitcoin and gold.
Blow-Off Top Fears in the Current Cycle
Notably, podcast host Kyle Chassé expressed concern that the ongoing crypto market cycle might not end in a typical “blow-off top,” the explosive final rally seen in past bull runs.
Novogratz acknowledged the co…
Read The Full Article Galaxy Digital CEO: Trump’s Fed Pick Could Spark Bitcoin $200K Rally but Threatens U.S. Stability On Coin Edition.
Read More