According to U.Today, Galaxy Digital CEO Mike Novogratz said on the X social media network that although he personally does not see "any good reasons" for the Fed to cut interest rates, he still firmly believes that the Fed will cut interest rates. Novogratz believes that such macro-financial conditions will be beneficial to Bitcoin and precious metals. He said: "This is a good layout for BTC, gold, silver, copper." However, Novogratz expressed concerns about the federal budget deficit in the United States. In addition, he has predicted that the price of the largest cryptocurrency will be able to exceed $100,000 by 2024, and he believes that the key factor driving this bullish trend is the "runaway momentum" of the Bitcoin ETF. However, Reuters reported that the probability of the Federal Reserve cutting interest rates three times this year has been significantly reduced, and futures traders now see less than a 50% chance of a rate cut in June. Recent economic data once again showed the resilience of the US economy, which may prevent the Federal Reserve from pursuing a more dovish monetary policy.