Galaxy DigitalCEO Michael Novogratz, gold, silver and Bitcoin ( BTC) to get He said it was the right time.
CNBCgiving an interview to Michael Novogratz He stated that banks generally re-capitalize by giving less loans, which can lead to a liquidity crisis. Moreover NovogratzHe also underlined that indicators such as the commodity market point to concerns such as recession.
CNBCmentioned in his interview Novogratzamid all these banking crises and liquidity crunch, gold, silverAnd bitcoinHe said it was a good time to buy.
Novogratz Maintains Bitcoin Maximism
CNBCof Squawk Boxspeaking on the show Galaxy DigitalCEO Michael Novogratz, bitcoinHe was noted for his maximalism.
USAThe banking sector in Turkey is going through tough and turbulent times this month. silvergate BenchThe collapse of Signature Bank and Silicon Valley Bank in the same week turned the banking system outlook “negative”.
NovogratzHe told CNBC that the Fed’s interest rate policy “the pigeon wants to make a raise” stated. However Novogratzto implement this interest policy. “a big mistake” argued that it would. Referring to the effects of these troubled processes in the USA, Novogratz, said:
“If there was ever a time to be in the bitcoin and crypto industry, then it is now. Because governments print a lot of money when the pain is too great, and we see that.”
