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Crypto billionaire Novogratz: Trump could give Bitcoin and Gold Boost!
Mike Novogratz, CEO from Galaxy Digital, reveals significant crypto stocks. Forecasts for market growth depending on the Fed election.
Crypto billionaire Novogratz: Trump could give Bitcoin and Gold Boost!
Mike Novogratz, CEO of Galaxy Digital, recently disclosed his significant crypto-asset-Holdings and is optimistic about the future development of the market. Loud Daily Hodl the company has considerable quantities of Bitcoin (BTC), Ethereum (Eth), Solana (Sol) and Hyperliquid (hype). Novogratz explained that his crypto assets are sufficient to retire several times.
At the same time, Novogratz expressed his conviction that the crypto market could grow considerably if Donald Trump appointed a new chairman for the Federal Reserve, which corresponds to its economic views. He predicts a possible price increase in gold and Bitcoin if Trump selects a "pigeon" that focuses on growth and liquidity instead of fightering inflation.
The importance of the fed election
Novogratz sees the upcoming appointment of the next Fed chairman as a catalyst for a "megacycle" in the crypto area. He argues that such a decision could strengthen trust in the sector's growth potential. Nevertheless, he also expressed concerns about a possible risk to the independence of the Federal Reserve, which in his opinion could have negative effects on the crypto market.
Novogratz's statements become a larger picture of uncertainties and potential for the markets, which takes into account both macroeconomics and geopolitical factors. Since the crypto sector continues to wait for more stable regulation and healthy framework conditions, it remains to be seen to what extent political decisions will affect the price movements.