{"id":68161,"date":"2022-10-06T10:15:45","date_gmt":"2022-10-06T07:15:45","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=68161"},"modified":"2025-09-07T12:37:37","modified_gmt":"2025-09-07T09:37:37","slug":"mike-novogratz-bitcoin-set-to-rise-as-fed-policy-eases","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/mike-novogratz-bitcoin-set-to-rise-as-fed-policy-eases\/","title":{"rendered":"Mike Novogratz: Bitcoin set to rise as Fed policy eases"},"content":{"rendered":"<p>Bitcoin is set to rise if the <span data-descr=\"U.S. Federal Reserve\" class=\"old_tooltip\">Fed<\/span> abandons its aggressive rate-hike stance to curb inflation. This was stated by Galaxy Digital head Mike Novogratz.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">\u00abWhen Powell started beating inflation over the head with a sledgehammer, of course <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> came back down as did lots of assets,\u00bb says <a href=\"https:\/\/twitter.com\/novogratz?ref_src=twsrc%5Etfw\">@novogratz<\/a>. \u00abIf he gives up this fight, you\u2019re going to see Bitcoin and other assets take right back off.\u00bb <a href=\"https:\/\/t.co\/pXTVowzl3t\">pic.twitter.com\/pXTVowzl3t<\/a><\/p>\n<p>\u2014 Squawk Box (@SquawkCNBC) <a href=\"https:\/\/twitter.com\/SquawkCNBC\/status\/1577285520706740225?ref_src=twsrc%5Etfw\">October 4, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cWhen [Fed Chair Jerome] Powell started beating inflation over the head with a sledgehammer, of course Bitcoin pulled back, as did many assets. If he abandons this fight, you\u2019re going to see Bitcoin and other assets take right back off.\u201d<\/em>, the expert said.<\/p>\n<\/blockquote>\n<p>The head of Galaxy Digital said that the Federal Reserve&#8217;s rate-hiking campaign stripped Bitcoin of its status as a powerful hedge against rising consumer prices.<\/p>\n<p>SkyBridge Capital head Anthony Scaramucci questioned whether Bitcoin should be considered a hedge against inflation at all. According to the expert, to attain that status the leading cryptocurrency would need to attract a billion users.<\/p>\n<p>Back in August, former hedge fund manager of Cramer &#038; Co. and Mad Money host on CNBC Jim Cramer said that the Fed&#8217;s tightening of monetary policy would lead to <a href=\"https:\/\/u1f987.com\/en\/news\/jim-cramer-the-fed-signals-investors-to-abandon-cryptocurrencies\">washout<\/a> of speculative assets like cryptocurrencies.<\/p>\n<p>In September, billionaire Stanley Druckenmiller<a href=\"https:\/\/u1f987.com\/en\/news\/stanley-druckenmiller-flags-prospects-for-a-renaissance-in-cryptocurrencies\">predicted<\/a> the revival of digital assets amid the collapse of a fiat-based economy.<\/p>\n<p>Earlier, Grayscale analysts<a href=\"https:\/\/forklog.news\/v-grayscale-dopustili-zavershenie-kriptozimy-k-kontsu-marta-2023-goda\/\"> \u0434\u043e\u043f\u0443\u0441\u0442\u0438\u043b\u0438<\/a> the end of the crypto winter by the end of March 2023.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news in our <a href=\"\/\/telegram.me\/forklog\u201d\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, rates and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin is set to rise if the Fed abandons its aggressive rate hikes to curb inflation. This was stated by Galaxy Digital head Mike Novogratz.<\/p>\n","protected":false},"author":1,"featured_media":68162,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1303,1138],"class_list":["post-68161","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-mike-novogratz","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/68161","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=68161"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/68161\/revisions"}],"predecessor-version":[{"id":68163,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/68161\/revisions\/68163"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/68162"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=68161"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=68161"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=68161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}