Mike Novogratz backs Elon Musk's inflation warning, signaling Bitcoin's role as safe haven
In a recent public rant, Elon Musk addressed the ongoing inflation issue, pointing to excessive government spending and the Federal Reserve's monetary policies as the main culprits. He said that cutting down on wasteful government spending is the best way to tackle inflation. and other digital assets, responded to Musk's statement, pointing out that it affects people on both sides of the political spectrum.
Some, like Robert Kiyosaki, known for his bestselling book"Rich Dad Poor Dad," use stronger words, denigrating the government and calling the dollar a"fake" currency. Others, like Musk or Novogratz, support the dollar but discredit the policies implemented by the Fed.The outcome, however, does not depend on opinion, with a recession probably already here and inflation falling amid rumors of rate cuts.
Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management. He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.Bybit Surpasses 40 Million Users, Gains 10 Million New Users in Less than 90 Days
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