👉👉👉 Bitcoin and #fed Comment from Famous Billionaire Mike Novogratz! FED Will Fire Up $BTC Price Whether It Wants It Or Not!
As speculation swirls around the timing of potential interest rate cuts by the Federal Reserve (FED) and their impact on various assets, notable figure Mike Novogratz recently weighed in on the matter.
Novogratz, a prominent voice in the financial world, expressed his views via social media. Despite seeing no apparent justification for a rate cut, he anticipates the FED will implement one. Novogratz believes such a move would serve as a significant #bullish catalyst for assets like Bitcoin (BTC), gold, silver, and copper. However, he cautioned that while this scenario may benefit these assets, it may not be in the best interest of the United States. Novogratz called for political leaders who advocate for substantial spending cuts to address the nation's economic challenges.
In a tweet, Novogratz shared his thoughts:
"Call me crazy, but I don't see a single good reason for the Fed to cut interest rates. Yet, I think they will. It's a great set up for $BTC, gold, silver, copper. It's not a great set up for the USA though. We need a politician who will cut spending dramatically!"
Despite his reservations about the rationale behind potential rate cuts, Novogratz remains bullish on Bitcoin. Earlier in 2024, he had predicted that the price of BTC could surpass $100,000 by the year's end.
Meanwhile, the timing of potential rate cuts remains a subject of intense speculation. According to CME's FedWatch tool, the probability of a 25 basis point cut in June stands at 51.3%, while in July, it is priced at 50.3%.
It's worth noting that opinions on these matters vary, and individuals should exercise caution and conduct thorough research before making investment decisions.
Source - en.bitcoinsistemi.com
