Billionaire crypto investor Michael Novogratz says that once the Federal Reserve takes a pause, Bitcoin could start to take off again.
Novogratz, who leads Galaxy Digital Holdings, predicted the central bank under the helm of Jerome Powell will remain “very hawkish for a while” due to high inflation, and will likely raise interest rates by 50 basis points soon. But as the economy slows down and the Fed steps back, “Bitcoin goes to the moon,” he said, repeating a popular crypto catchphrase.
