Michael Novogratz said that once the Federal Reserve takes a pause, Bitcoin could start to take off again. 🏦
Novogratz predicted the central bank chairman Jerome Powell will remain “very hawkish for a while” due to high inflation, and will likely raise interest rates by 50 basis points soon. But as the economy slows down and the Fed steps back, “Bitcoin goes to the moon,” he said.
Novogratz also reiterated a call that Bitcoin will eventually reach a price of $500,000 and eventually $1 million.
