Galaxy Digital CEO Mike Novogratz, wearing his best “I-told-you-so” face, declared that Bitcoin could moon 🌕 if the next Federal Reserve chair is softer than a marshmallow in a hot tub 🛁. “That’s the potential biggest bull catalyst for Bitcoin and the rest of crypto,” Novogratz said in an interview that probably doubled as a comedy special. 🎤
“Fed’s cutting rates when they shouldn’t be, and you throw in a massive dove 🕊️,” Novogratz said, adding that it might lead to Bitcoin’s “blow-off top” moment-a term that sounds oddly inappropriate for polite conversation. 😳
“Can Bitcoin hit $200K? Sure, why not! 🤑 Because once it hits that, it’s a whole new conversation-like discussing quantum physics with a squirrel. 🐿️”
Novogratz stressed that while this scenario would be great for crypto, it would be a disaster for America. “Do I want it to happen? No. Why? Because I kind of love America 🇺🇸,” he said, probably while clutching his heart and a bald eagle plushie. 🦅
Novogratz says it won’t be pretty for Uncle Sam 🇺🇸
“It would be really shitty 💩 for America,” he said, adding that the Fed might lose its independence faster than a hot potato in a snowstorm. ❄️
A dovish Fed is expected to weaken the dollar, but hey, it’s great news for Bitcoin and other risk assets! Because who needs bonds when you can have digital magic beans? 🪙
Echoing Novogratz’s thoughts, Daleep Singh, VP and chief global economist at PGIM Fixed Income, recently said, “There’s a decent chance the FOMC will look and act differently after Powell leaves.” Translation: “Batten down the hatches, folks!” 🌪️
“On a cyclical basis, I think the risks to the dollar are skewed to the downside,” Singh added, probably while adjusting his monocle. 🧐
Novogratz warns of an “oh shit moment” 💩
Novogratz warned that if Trump appoints “a dove,” it could trigger an “oh shit moment.” 🚨 “Gold skyrockets…Bitcoin skyrockets,” he said, as if predicting the apocalypse with a smile. 😁
“It was priced in that he’d pick someone dovey, but no one’s quite sure,” he added, probably while shrugging in slow motion. 🤷♂️
Novogratz said the market won’t react until the decision is official. “I don’t think the market will believe Trump’s going to do the crazy until he does the crazy,” Novogratz said, channeling his inner prophet of chaos. 🔮
Trump has reportedly narrowed his shortlist for the next Fed chair to three candidates: Kevin Hassett, Christopher Waller, and Kevin Warsh. 🕴️ “You could say those are the top three,” Trump said, probably while sipping Diet Coke. 🥤
The Fed delivered its first rate cut of 25 basis points in September, a move Waller had been pushing for since July. Because, you know, timing is everything-except when it’s not. ⏳
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2025-09-27 06:21