The CEO of Galaxy Investment Partners, Mike Novogratz, has voiced his concerns over the potential implications of a rate cut by the Federal Reserve on cryptocurrency and precious metals.

What Happened: Novogratz on X, formerly known as Twitter wrote, “Call me crazy but I don’t see one good reason for the fed to cut rates. Yet think they will. It’s a great set up for $BTC, gold, silver, copper. It’s not a great set up for the USA though. We need a politician who will cut spending dramatically! Sound of silence from DC….”

Call me crazy but I don’t see one good reason for the fed to cut rates. Yet think they will. It’s a great set up for $BTC, gold, silver, copper. It’s not a great set up for the USA though. We need a politician who will cut spending dramatically!

Sound of silence…

— Mike Novogratz …

Full story available on Benzinga.com

The CEO of Galaxy Investment Partners, Mike Novogratz, has voiced his concerns over the potential implications of a rate cut by the Federal Reserve on cryptocurrency and precious metals.

What Happened: Novogratz on X, formerly known as Twitter wrote, “Call me crazy but I don’t see one good reason for the fed to cut rates. Yet think they will. It’s a great set up for $BTC, gold, silver, copper. It’s not a great set up for the USA though. We need a politician who will cut spending dramatically! Sound of silence from DC….”

Call me crazy but I don’t see one good reason for the fed to cut rates. Yet think they will. It’s a great set up for $BTC, gold, silver, copper. It’s not a great set up for the USA though. We need a politician who will cut spending dramatically!

Sound of silence…

— Mike Novogratz …

Full story available on Benzinga.com

 The CEO of Galaxy Investment Partners, Mike Novogratz, has voiced his concerns over the potential implications of a rate cut by the Federal Reserve on cryptocurrency and precious metals.
What Happened: Novogratz on X, formerly known as Twitter wrote, “Call me crazy but I don’t see one good reason for the fed to cut rates. Yet think they will. It’s a great set up for $BTC, gold, silver, copper. It’s not a great set up for the USA though. We need a politician who will cut spending dramatically! Sound of silence from DC….”

Call me crazy but I don’t see one good reason for the fed to cut rates. Yet think they will. It’s a great set up for $BTC, gold, silver, copper. It’s not a great set up for the USA though. We need a politician who will cut spending dramatically! Sound of silence…
— Mike Novogratz …Full story available on Benzinga.com   Read MoreCryptocurrency, Gold, JPM, Kaustubh Bagalkote, Mike Novogratz, News, Silver, Commodities, Global, Economics, Federal Reserve, Markets, JPM, US46625H1005, News, Cryptocurrency, Commodities, Global, Economics, Federal Reserve, Markets, Benzinga Markets