Bitcoin and FED Comment from Famous Billionaire Mike Novogratz! FED Will Fire Up BTC Price Whether It Wants It Or Not!”

While Bitcoin's halving and possible FED interest rate cuts are expected, when the FED will start cutting interest rates continues to be a matter of curiosity and debate.

While there are many evaluations at this point, the last comment came from the famous Mike Novogratz.

Mike Novogratz, who shared from his account

At this point, Novogratz stated that a possible interest rate cut would be an upward catalyst for assets such as $BTC, gold, silver and copper.

“Call me crazy, but I don't see a single good reason for the Fed to cut interest rates.

However, I still think the FED will cut interest rates. A potential interest rate cut would be a great bullish catalyst for $BTC, gold, silver, copper, but it wouldn't be a good situation for the US. We need a politician who will dramatically reduce spending!”

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 (@novogratz) April 8, 2024

Although the famous CEO states that there is no good reason for the FED to cut interest rates, he continues his rise in Bitcoin.

Because, in a statement he made at the beginning of 2024, Novogratz said that he predicted that the $BTC price could exceed the $ 100,000 level in 2024.

In addition, while it is still a matter of great curiosity when the FED will cut interest rates, according to CME's FedWatch tool, the probability of a 25 basis point cut in June is priced at 51.3%, while in July it is priced at 50.3%.

*This is not investment advice.