Galaxy Digital chief executive Mike Novogratz said a very dovish choice to lead the Federal Reserve could push Bitcoin into a major rally even as he warned such a shift would carry serious costs for the 0 to Novogratz if the next Fed chair after Jerome Powell favors aggressive rate cuts the dollar could weaken and risk assets would get a big 1 added that while that outcome would be great for crypto
it would not be good for the 2 Fed Could Send Bitcoin Higher Novogratz said during an interview with Kyle Chasse published on YouTube that if the Fed begins cutting when it probably should not and a strongly dovish chair is installed investors could rush into assets like gold and 3 on reports he suggested a scenario where markets chase higher prices in a short span
producing what traders call a blow-off 4 also allowed that Bitcoin could reach $200K under that set of 5 Won’t React Until The Pick Is Real Reports have disclosed that US President Donald Trump has narrowed his shortlist to three names: White House economic adviser Kevin Hassett Federal Reserve Governor Christopher Waller and former Fed Governor Kevin 6 told reporters on Sept. 6 that those were the top 7 said markets often wait for official action so a rally of the size he described may not begin until a decision is announced and investors are sure of the policy 8 Choice May Undercut Dollar Daleep Singh
vice chair and chief global economist at PGIM Fixed Income agreed that the Fed could act quite differently after Powell’s term ends in May 9 to Singh the risks to the dollar may be skewed to the downside if policymakers turn more 10 warned this could erode the Fed’s independence and produce broader problems for the US economy even as it lifts prices of risk 11 Moves Add Context The Fed delivered its first rate cut of 25 basis points in September
a move markets largely 12 show that Governor Waller had been urging a cut as early as July which highlights the range of views inside the 13 past steps help explain why some investors now talk about how far policy could tilt and how big an impact that might have on 14 image from Pixabay chart from TradingView
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