Crypto Billionaire Mike Novogratz Says Bitcoin Will Lead Market Recovery When One Policy Is Reversed

Crypto Billionaire Mike Novogratz Says Bitcoin Will Lead Market Recovery When One Policy Is Reversed


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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