Galaxy Digital CEO Mike Novogratz thinks the next bull cycle could start in the last quarter of the year.
Mike Novogratz spoke about the cryptocurrency market at CoinDesk’s Consensus 2022 conference. Saying that he will continue to carry the LUNA tattoo, Novogratz suggested that the next rise of the crypto market could happen in the fourth quarter of this year. Saying that the Fed will not take any major action without stopping its moves, the CEO made the following statements on the subject:
“My hope is that by the fourth quarter, the economy will slow down as much as the Fed says we will stop, and then the next crypto cycle begins. We’ll see. (..) Then Bitcoin will break out of stocks and lead the markets.”
