Galaxy Digital founder and CEO Mike Novogratz is optimistic Bitcoin (BTC) will lead the markets to recovery once a key policy decision is reversed.
Novogratz says in a CNBC interview that once the Federal Reserve pauses or reverses the interest rate hikes, the flagship crypto asset will spearhead a market-wide rally.
“Bitcoin will lead the markets back out of this Fed hike. The moment the Fed flinches, the moment [Jerome] Powell pauses because the economy’s really starting to roll over, you’re going to see Bitcoin explode north…
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Equities often go down further. If you look at the 1970s, gold led the market back not stocks. And so, I think we’ve established Bitcoin as a macro asset.”
The Galaxy Digital CEO says that based on anecdotal
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