JPM - Rate Cuts Favor Bitcoin And Gold But Not US Economy? Novogratz Expresses Concerns Says 'We Need A Politician Who Will Cut Spending Dramatically!' | Benzinga
The CEO of Galaxy Investment Partners, Mike Novogratz, has voiced his concerns over the potential implications of a rate cut by the Federal Reserve on cryptocurrency and precious metals.
What Happened: Novogratz on X, formerly known as Twitter wrote, “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 set up for , gold, silver, copper. It's not a great set up for the USA though. We need a politician who will cut spending dramatically! Sound of silence from DC….”