{"id":77354,"date":"2023-04-17T16:21:34","date_gmt":"2023-04-17T13:21:34","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=77354"},"modified":"2025-09-10T22:50:02","modified_gmt":"2025-09-10T19:50:02","slug":"mike-novogratz-says-bitcoin-will-reach-40000-when-the-fed-begins-cutting-rates","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/mike-novogratz-says-bitcoin-will-reach-40000-when-the-fed-begins-cutting-rates\/","title":{"rendered":"Mike Novogratz says Bitcoin will reach $40,000 when the Fed begins cutting rates"},"content":{"rendered":"

Bitcoin will reach $40,000 when the U.S. Federal Reserve begins to cut the key rate<\/a>. Galaxy Digital Mike Novogratz<\/a> said in comments to Bloomberg<\/a>.<\/p>\n

\n

\u201cThe most profitable trades were and will remain longs<\/a> on gold, the euro, bitcoin and Ethereum \u2014 these assets will fare well when the Fed stops raising the [federal funds rate] and starts cutting,\u201d he said.<\/p>\n<\/blockquote>\n

Novogratz also forecast a contraction in lending amid the US banking crisis. He said this could trigger a credit crunch, and the Fed would have to cut rates more aggressively than expected, in light of a slowing economy.<\/p>\n

The main uncertainty for the cryptocurrency market is the U.S. CFTC\u2019s suit against the Bitcoin exchange Binance, filed at the end of March<\/a>. In April, regulator head Rostin Behnam accused the trading platform of intentional violations<\/a> of the regulator’s rules.<\/p>\n

Earlier, Novogratz said that the rally of digital gold has confirmed the rationale for its creation<\/a> as a hedge against economic crises in the US economy. In mid-March, he noted that now is the best time to buy Bitcoin<\/a> as a hedge.<\/p>\n

In April, Ark Invest CEO Kathy Wood compared Bitcoin to gold<\/a>. According to her, Bitcoin and Ethereum are \u201csafe havens\u201d for investors amid macroeconomic uncertainty.<\/p>\n

In January, SkyBridge Capital founder Anthony Scaramucci forecasted a \u201crevival\u201d of digital gold in 2023<\/a>. He believes the Fed will pause its rate-hiking campaign until the inflation rate reaches the 2% target.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin will reach $40,000 when the U.S. Federal Reserve begins to cut the key rate. Galaxy Digital CEO Mike Novogratz said this in comments to Bloomberg.<\/p>\n","protected":false},"author":1,"featured_media":77355,"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":[1146,1303,1138],"class_list":["post-77354","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-market-forecasts","tag-mike-novogratz","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/77354","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=77354"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/77354\/revisions"}],"predecessor-version":[{"id":77356,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/77354\/revisions\/77356"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/77355"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=77354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=77354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=77354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}