Galaxy Digital Holdings founder Mike Novogratz said in an interview that he expects gold, the euro, bitcoin and ethereum to outperform competing investments as the Federal Reserve begins to slow the pace of interest rate hikes after recent bank failures lead to a potential credit crunch.
In addition, Novogratz said that the clearest trade is to continue to be long gold, euro, Bitcoin and Ethereum, which should perform well if the Federal Reserve stops raising interest rates and then cuts them. If interest rates fall again, Bitcoin will be in the "best position." If the Fed continues to cut interest rates, he expects Bitcoin to reach $40,000. (Bloomberg)
