The CEO of Galaxy Digital Mike Novoghatz said that the price of Bitcoin may see a large gathering if he is the next US Federal Reserve Speaker to replace Jerome Powell exceptionally.
“This is the largest potential bull stimulus for Bitcoin and the rest of the encryption,” Novugratz said in an interview with Kyle Chas published on YouTube on Friday.
“The Federal Reserve when they should not be, and put in a huge pigeon,” Novugratz said, adding that this may lead to the moment of your “bombing” of Bitcoin (BTC).
“Can Bitcoin reach $ 200,000? Of course it can … because it becomes a completely new conversation if that happens.”
Novogratz stressed that although the potential scenario for reducing aggressive prices will be optimistic about encryption, it will come at a very slope cost. He said, “Do I want that? No. Why? Because I love America.”
Novogratz says it will not be a good scenario for the United States
“It will be great for America,” he said, adding that the Federal Reserve can lose independence.
It is generally expected to weaken the position of the US dollar federal reserve. However, it is often seen as a bullish incentive for bitcoin and other risk assets, as traditional assets such as bonds and term deposits become less profitable for investors.
“There is a very decent chance that FOC looks and behaves completely differently” after the end of the Powell State in May 2026.
“On a periodic basis, I think the risks of the dollar are deviant to the downside,” Singh added.
Novogratz says it may lead to “a moment, shit”
Novoghatz warned that if Trump continues to pledge his outstock on the appointment of a “pigeon”, this may lead to “the moment of shit”.
“Skyrockkets Gold … Bitcoin Skyrockkets,” said Novoghatz.
He added: “He was priced because he will choose someone Duffy, but no one is completely sure.”
Novogratz said that a possible scenario may not be reflected in the market until the decision is officially announced. “I don't think the market will buy that Trump will do madness, so that he will do madness,” Novugratz said.
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According to what was reported, Trump has narrowed his brief list of the following Federal Reserve for three candidates: White House Economy Adviser Kevin Haysit, Federal Reserve Governor Christopher Waller and former Federal Reserve Governor Kevin Warr.
“You can say that these are the first three places,” Trump told reporters at the Oval Office on September 6.
The Federal Reserve delivered the first reduction from 25 basic points in September, a step that the market has greatly expected, but wire was urging price reduction in July.
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