Mike Novogratz Predicts Bitcoin To Hit $40,000

Galaxy Digital CEO Is Bullish On Bitcoin, Euro And Gold

In an interview with Bloomberg, Galaxy Digital CEO Michael Novogratz predicted that Bitcoin, Euro and Gold will outperform other investments.

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Novogratz added it will happen with the US Federal Reserve easing its interest rate hikes and then cutting.

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According to Novogratz, a string of recent regional bank failures may lead to a potential credit crunch, resulting in lenders taking on fewer borrowers and the economy slowing down.

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Novogratz further predicted that the first lowering of borrowing costs may come by the end of this year.

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Talking about bitcoin, he said that we can consolidate here before moving towards $40,000, given that the Fed will slow down raising interest rates.

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Mike further added that Binance is likely to pay a very huge fine to CFTC for its KYC mistakes in the past.

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Galaxy Digital CEO supported CZ saying we need him to succeed.

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