Galaxy Digital CEO Mike Novogratz said that a very doish election to lead the Federal Reserve could run Bitcoin To a large rally, even when he warned, such a shift would have serious costs for the United States.
According to Novogratz, about the next Fed chair after Jerome Powell benefits aggressive Speed cutsThe dollar could be weakened and risk resources would receive a large bid. He added that even if this result would be good for crypto, it would not be good for the country.
Doshush fed could send bitcoin higher
Novogratz mentioned During an interview with Kyle Chasse published on Youtube that if Fed starts cutting when it probably shouldn’t, and a strong doish chairman is installed, investors could rush into assets such as gold and bitcoin.
Based on reports, he suggested a scenario where markets chase higher prices in a short range and produced what traders call a blowout. He also allowed Bitcoin to reach $ 200,000 under that set of conditions.
https://www.youtube.com/watch?v=LTulkxe14S4
The markets do not react until the election is real
Reports have revealed that US President Donald Trump has reduced his Shortlist To three names: White House’s financial advisor Kevin Hassett, Federal Reserve -Governor Christopher Waller and former Fed -Governor Kevin Warsh.
Trump told reporters on September 6 that they were the top three. Novogratz said that markets are often waiting for official measures, so a rally of the size he described may not start until a decision is announced and investors are sure of politics.
Policy selection can undergo dollars
Daleep Singh, Deputy Chairman and Chief Global Economist on PGIM interest income, agreed that Fed could act completely differently after Powell’s maturity ends in May 2026.
According to Singh, the risks to the dollar can be oblique to the disadvantage if decision makers become more dovish. Novogratz warned that this could erode the Fed’s independence and produce broader problems for the American economy, even when it raises risk resources.
New features adding context
Fed delivered its first interest rate reduction of 25 base points in September, a moving market expected to a large extent. Reports show that Governor Waller had urged a cut as early as July, which highlights the range of opinions in the system.
The earlier steps help explain why some investors are now talking about how far politics can lean and how much impact it can have on crypto.
Image from Pixabay, diagram from tradingview
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