Galaxy Digital CEO Mike Novogratz is convinced that the US Federal Reserve is going to cut rates, but the odds of three rate cuts in 2024 look increasingly dim
Galaxy Digital CEO Mike Novogratz is confident that the U.S. Federal Reserve will cut interest rates despite personally not seeing"one good reason" for them to do so, according to his recent Novogratz believes that such macro-financial conditions would be beneficial for Bitcoin as well as precious metals."It’s a great setup for BTC, gold, silver, copper," he said.
Last April, the billionaire said that Bitcoin would be in"a sweet spot" if the Fed were to start cutting interest rates again. With that being said, the odds of the Fed cutting interest rates three times this year have decreased dramatically, Reuters . In fact, futures traders now see less than a 50% chance of a June rate cut.
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