Bitcoin Bull Mike Novogratz: Fed Will Cut Rates Sooner Than We Think

Crypto News: Bitcoin supporter and CEO of Galaxy Digital Mike Novogratz thinks there could be a credit crunch in the United States. Referring to experience from the US Federal Reserve’s monetary policy actions in recent years, he said the central bank would be cutting rates soon. Novogratz also said the current scenario emphasizes the reason why Bitcoin and crypto were created in the first place. Meanwhile, the Bitcoin price saw some correction after a rally on Tuesday in the wake of the FUD around bank stocks.