您现在的位置是:Mike Novogratz says Fed's actions could impact crypto prices >>正文
Mike Novogratz says Fed's actions could impact crypto prices
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛84人已围观
简介Jerome Powell getting a second term as Fed chair has changed the crypto macro sentiment, according t...
- Jerome Powell getting a second term as Fed chair has changed the crypto macro sentiment, according to Mike Novogratz
- He says Fed acting on inflation with speed could slow down markets, including cryptocurrency
- Despite the potential for a price slowdown, institutional investors are still bullish on crypto, he told CNBC’s “Crypto Night in America”
Galaxy Digital CEO Mike Novogratz believes that Fed Chair Jerome Powell’s second term could spell some bad times for cryptocurremcies in terms of the market.
According to the billionaire investor, among the biggest in the crypto space, Powell’s nomination could see the macro outlook of crypto flip south as more people adopt a bearish view of the industry.
In an interviewwith CNBC’s “Crypto Night in America”, Novogratz said the Fed Chair’s reappointment might see him “act more like a banker,” suggesting that Powell may take a stance markedly differing from one who might seek reappointment.
The investor says the current situation with rising inflation in the US and across the world could force the Fed to act. If the US central bank moves to hike interest rates sooner than expected as suggested in the recently released Fed meeting minutes, then not only will it hurt stocks but also have ripple effects in the crypto markets.
"That would slow all assets down. It would slow the Nasdaq down. It would slow crypto down, if we have to start raising rates much faster than we thought,” Novogratz told CNBC.
The outlook for crypto may worsen in the short term given major cryptocurrencies like Bitcoin and Ethereum are already struggling with downward pressure.
Despite this, the Galaxy Digital boss says big money is still destined for crypto investments.
According to him, the crypto community could see institutions invest staggering amounts of money into Bitcoin and other crypto projects. Among those already looking at the burgeoning investment space are sovereign wealth funds and global pension funds, he added.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/8692.html
相关文章
EVER plunge by 20% as Everscale team says large number of tokens were stolen
Mike Novogratz says Fed's actions could impact crypto pricesKey takeawaysLayer 1 blockchain Everscale’s token has plunged by more than 20% so far today.Th...
阅读更多
Nanogames, the crypto casino for bonuses and promotions
Mike Novogratz says Fed's actions could impact crypto pricesThe concept of cryptocurrency is a widely discussed topic today. It’s an industry that has int...
阅读更多
deVere Group's CEO: Institutional investment in crypto is growing
Mike Novogratz says Fed's actions could impact crypto pricesThe deVere Group CEO said institutional investors are increasing the share of resources they put int...
阅读更多
热门文章
最新文章
Astra Protocol guarantees Sandbox users identity protection
dYdX Chain enters Beta Mainnet stage, launches active trading across 33 markets
Crypto fear and greed index rises as Memeinator gains momentum
Forecasting the next crypto wave: insights on possible investment opportunities (NUGX, AVAX, MATIC)
Bank of Spain, Banco de España, embraces digital euro
Bitget delists TokenFi (TOKEN) from Innovation Zone