Billionaire Mike Novogratz unveils one catalyst that could end crypto’s traditional four-year cycle, launching the market into the stratosphere.
In an interview with Anthony Pompliano, the Galaxy CEO says the next Fed governor could set the stage for a crypto “megacycle.”
According to the billionaire, if Trump gets someone who is aligned with his monetary policies, prioritizing growth and liquidity over inflation, then crypto will likely witness an unprecedented period of growth.
“We are moving into a world where we’ve got central banking, independence really is a question. We’ve never had that in my 40-year career on Wall Street. And so depending on who Trump picks as the next Fed governor, it could kick off a whole frickin’ megacycle, right? We throw the independence into the toilet, and crypto is going a lot higher, right? And so the political situation makes that prediction harder.
The Fed just cut rates. They’re going to cut at least one more time, probably two more times. Is it strange they cut rates when the stock market’s on an all-time high? Gold is at an all-time high. Crypto’s on an all-time high. Yeah, it is. There was political pressure, some.”
At time of writing, the total market cap of crypto (TOTAL) is worth $3.2825 trillion.
Follow us on X, Facebook and Telegram
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Jolygon/Panuwatccn
