GOLD - Billionaire Mike Novogratz Sees 'Great Setup' For Bitcoin: 'Call Me Crazy But...' | Benzinga
Billionaire Mike Novogratz, founder and CEO of Galaxy Digital, predicted Bitcoin (CRYPTO: BTC) and precious metals are poised for a surge, fueled by potential interest rate cuts.
What Happened: In a tweet, Novogratz highlighted the lack of solid reasons for the Federal Reserve to reduce interest rates. Still, he anticipates the Federal Reserve to proceed with rate cuts.
“Call me crazy but I don't see one good reason for the Fed to cut rates. Yet think they will. It's a great setup for BTC, gold, silver, and copper,” Novogratz stated.
He also noted, “It's not a great setup for the USA though. We need a politician who will cut spending dramatically! Sound of silence from DC.”
These anticipated rate cuts, according to Novogratz, are poised ...