Galaxy Digital CEO Mike Novogratz foresees a significant Bitcoin rally contingent on the appointment of a dovish Federal Reserve chair. He warns that aggressive monetary easing could propel Bitcoin prices toward $200,000, sparking a major bullish phase in the crypto market. Despite potential risks to U.S. financial stability and Fed independence, a dovish pivot may weaken the U.S. dollar and favor both gold and cryptocurrencies. Market reactions are expected to remain muted until an official nomination is confirmed. Additionally, growing institutional interest in Bitcoin custody and services by U.S. banks signals expanding adoption driven by regulatory clarity.
Continue to read Novogratz Predicts Major Bitcoin Surge if Next Fed Chair Embraces Dovish Policy
Galaxy Digital CEO Mike Novogratz foresees a significant Bitcoin rally contingent on the appointment of a dovish Federal Reserve chair. He warns that aggressive monetary easing could propel Bitcoin prices toward $200,000, sparking a major bullish phase in the crypto market. Despite potential risks to U.S. financial stability and Fed independence, a dovish pivot may weaken the U.S. dollar and favor both gold and cryptocurrencies. Market reactions are expected to remain muted until an official nomination is confirmed. Additionally, growing institutional interest in Bitcoin custody and services by U.S. banks signals expanding adoption driven by regulatory clarity.
Continue to read Novogratz Predicts Major Bitcoin Surge if Next Fed Chair Embraces Dovish Policy
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