đ±đ„Mike Novogratz's comment on Fed, Bitcoin and Gold: There is no reason, but they will
While the issue of when the Fed will start cutting rates continues to be discussed, Mike Novogratz stated that, contrary to the general opinion, the institution does not need to take such a step. "They will do it anyway, and that will be good for assets like Bitcoin, gold, copper," Novogratz said.
#MikeNovogratz CEO of digital asset management company Galaxy Digital, commented on the expected Fed rate hikes on X. Stating that the institution does not actually need to go to such an increase, Novogartz said:
"You can call me crazy, but I don't agree that the Fed needs to cut rates. They're going to do it anyway. This will also be good for #BTC , gold, silver and copper. But when you look at it, it will not be good for the United States. We need a president who will seriously cut spending. We are hearing the sound of silence in the capital about this issue.â
Discounts are registered for June
As it is known, the monetary tightening policy that has been going on in the US for about 2 years is expected to end this year. March May, however, where there were expectations for interest rate cuts a few months ago, today it is stated that there will be no cuts even in May. Experts are commenting that the Fed will start reducing in June at the earliest.
Interest rate cuts, especially in the stock markets, precious metals and cryptocurrencies, are expected to bring serious rises, but the fact that Bitcoin, along with the S&P 500, Nasdaq and Dow Jones in the US, have set consecutive records clearly shows that the markets are not expecting these reductions.
