The Galaxy Digital CEO predicts tough times ahead for the U.S. economy, but continues to be bullish on crypto.
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The United States is headed for a credit crunch and now is the right time to buy gold, silver and Bitcoin (BTC), says Galaxy Digital founder and CEO Michael Novogratz.
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“We are going to have a credit crunch in the U.S. and globally,” Novogratz explained in an interview on CNBC. “You want to be long gold and silver […] and you want to be long Bitcoin,” he said.
Speaking on CNBC’s Squawk Box on March 15, Novogratz noted that banks typically rebuild capital by lending less, meaning that a credit crunch is imminent,
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