Billionaire Mike Novogratz unveils one catalyst that could end crypto’s traditional four-year cycle, launching the market into the stratosphere.
In an interview with Anthony Pompliano, the Galaxy CEO says the next Fed governor could set the stage for a crypto “megacycle.”
According to the billionaire, if Trump gets someone who is aligned with his monetary policies, prioritizing growth and liquidity over inflation, then crypto will likely witness an unprecedented period of growth.
“We are moving into a world where we’ve got central banking, independence really is a question. We’ve never had that in my 40-year career on Wall Street. And so depending on who Trump picks as the next Fed governor, it could kick off a whole frickin’ megacycle, right? We throw the independence into the toilet, and crypto is going a lot higher, right? And so the political situation makes that prediction harder.
The Fed just cut rates. They’re going to cut at least one more time, probably two more times. Is it strange they cut rates when the stock market’s on an all-time high? Gold is at an all-time high. Crypto’s on an all-time high. Yeah, it is. There was political pressure, some.”
At time of writing, the total market cap of crypto (TOTAL) is worth $3.2825 trillion.
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