Galaxy Digital CEO MIKE NOVOGRATZ said that the very original choice for leading the Federal Reserve Bank can push Bitcoin into a major rally.
According to Novogratz, if the next Fed chairman after Jerome Powell prefers aggressive interest rates, the dollar may be weakened and a risky asset will be bid. He added that the result is good for encryption but not good for the country.
Pigeon Fed can send Bitcoin higher.
Novogratz said in an interview with Kyle Chasse issued by YouTube that it can start cuts when the Fed is probably not, and if a powerful chair is installed, it can rush into assets such as gold and bitcoin.
Based on the report, he suggested a scenario that merchants call the Blow -off top by following the higher price at a short price. He also allowed Bitcoin to reach $ 200K depending on the conditions.
https://www.youtube.com/watch?v=LTULKXE14S4
The market does not react until the pick is actually real.
US President Donald Trump has narrowed the candidates under three names: the White House economic advisor, Kevin Hassett, the Federal Reserve’s Board of Directors Christopher Waller, and former Fed Kevin Warsh.
Trump told reporters on September 6 that they were the top third. Novogratz often waits for official behavior, so he may not start with his explanation until the decision is announced, and investors may not begin until they are convinced of the policy shift.
Policy choices can weaken the dollar
Daleep Singh, the vice -chairman and global economist of PGIM fixed income, agreed that the Fed could act quite differently after PoWELL’s term in May 2026.
According to Singh, if policymakers turn more dove, the risk of the dollar can be distorted as a disadvantage. Novogratz warns that this can cause a wider problem for the US economy, even if it eroses the Fed’s independence and raises the price of risky assets.
The recent movement adds a context
The Fed delivered the first rate reduction in the 25 Basis Points in September, which is expected to have a major mobile market. According to the report, the Governor of Waller calls for cuts in early July, emphasizing the range of views inside the system.
This past stage helps to explain why some investors talk about how far away the policy can be tilted and the effects of encryption.
Pixabay’s main image, TradingView chart
Editorial process focuses on providing thorough research, accurate and prejudice content. We support the strict sourcing standard and each page is diligent in the top technology experts and the seasoned editor’s team. This process ensures the integrity, relevance and value of the reader’s content.
