Novogratz: Dovish Fed Chair Nominee Could Trigger Major Bitcoin Rally

Galaxy Digital CEO Mike Novogratz believes Bitcoin could stage a sharp rally if the next US Federal Reserve chair turns out to be a monetary ￰0￱ Takeaways: Mike Novogratz says a dovish Fed chair nominee could be the “biggest bull catalyst” for Bitcoin, potentially pushing prices toward $200K. He warned that such a pivot would come at the cost of ￰1￱ stability but could trigger explosive crypto ￰2￱ reaction may remain muted until an official nomination is made, though analysts say the dollar faces downside ￰3￱ during a YouTube interview with crypto investor Kyle Chasse , Novogratz pointed to the potential nomination of a pro-easing candidate to replace Jerome Powell as a pivotal moment for digital assets.

“That’s the potential biggest bull catalyst for Bitcoin and the rest of crypto,” Novogratz ￰4￱ Pivot Could Spark Sharp Crypto Rally, Novogratz Says He added that a dovish pivot, particularly if it involves aggressive rate cuts, could lead to a dramatic run-up in prices. “Can Bitcoin get to $200K? Of course it could,” he said, suggesting such a scenario could spark a “blow-off top” moment in the ￰5￱ Fed’s current chair, Jerome Powell, is set to complete his term in May ￰6￱ to reports, former President Donald Trump is considering candidates like Kevin Hassett, Christopher Waller, and Kevin Warsh to replace him, each carrying different views on monetary policy.

Waller, for instance, advocated for rate cuts as early as July this ￰7￱ stressed, however, that such a scenario would come with consequences. “It would be really shitty for America,” he said, warning that Fed independence could be at risk. Still, the short-term impact on Bitcoin could be explosive. “Gold skyrockets… Bitcoin skyrockets,” he predicted, should a hyper-dovish nominee be ￰8￱ conversation echoed broader concerns raised by market ￰9￱ Singh, vice chair at PGIM Fixed Income, recently said that the makeup of the Federal Open Market Committee (FOMC) could change significantly ￰10￱ also flagged risks to the dollar, noting that the balance of risks was “skewed to the downside.” Market reaction, according to Novogratz, may remain muted until such a nomination becomes official.

“I don’t think the market will buy that Trump’s going to do the crazy, until he does the crazy,” he ￰11￱ Fed’s first rate cut of the cycle, 25 basis points in September, was largely expected. However, if the next chair accelerates that trajectory, it could realign investor flows toward ￰12￱ Novogratz put it, “It becomes a whole new conversation if that happens.” Hex Trust CEO: US Banks Will Soon Offer Bitcoin Services Hex Trust CEO Alessio Quaglini believes US banks are on the verge of mainstreaming Bitcoin , pending regulatory ￰13￱ predicts that within months, most American banks will offer custody, trading, and deposit services for Bitcoin, calling ￰14￱ the “global benchmark” for institutional ￰15￱ in 2018, Hex Trust provides crypto custody, trading, lending, and staking services to institutions across Asia, the Middle East, and ￰16￱ over 200 employees and a million end users via B2B deals, the firm is targeting $20 million in revenue by 2025 and considering a future ￰17￱ also sees stablecoins as a disruptive force, potentially replacing the SWIFT system for cross-border ￰18￱ US-listed crypto companies that rely on retail trading, Hex Trust’s strategy focuses on providing infrastructure for institutions and avoiding direct exposure to crypto market volatility.