The latest cryptocurrency news feature Michael Novogratz with another one of his controversial statements and outlooks, this time showing that the former hedge fund manager is bullish on Bitcoin. As Novogratz said, Trump’s economy is forcing him to be optimistic regarding the future of Bitcoin.
“Go right ahead lefties with your monetary policies. You’re rallying crypto bulls.
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And you right leaners who are calling for lower interest rates are as good as gold for crypto, too,” he said in an interview.
As the CEO of the cryptocurrency merchant bank Galaxy Digital, Novogratz is bullish on Bitcoin. In fact, now is the best time for him to be in such condition. In a tweet which he shared this weekend, he pointed to calls for interest rate cuts being made by Vice President Mike Pence and the former Fed contenders Stephen Moore and Herman Cain.
This makes me more bullish Bitcoin. Stephen Moore, Herman Cain, and Mike Pence all make me bullish hard money. To be fair, MMT and some of the far left’s policies also makes me bullish crypto. https://t.co/BdKCUUnhEX
— Michael Novogratz (@novogratz) May 4, 2019
What’s also interesting and fueling Novogratz’s ‘bullish on Bitcoin’ view is the fact that The Federal Reserve decided to leave the interest rates unchanged, which was disappointing to Mike Pence, the vice president of the United States. As he said:
“I think it might be time for us to consider lowering interest rates. We just don’t see any inflation in this economy at all. We’re seeing jobs being created all over the country; that should be an encouragement to every American and also to people that operate our monetary policies.”
Meanwhile, President Trump sharply criticized the Fed’s move of raising rates last December. It seems that Novogratz is bullish on Bitcoin because of this and a lot of other decisions that Trump made. For all those of you who don’t know, many best cryptocurrency news sites featured Trump as a champion for lower interest rates.
However, in the state of recession, the slowing economy would definitely hurt a lot of people. Until that happens, it seems like Novogratz will maintain his bullish on Bitcoin outlook and keep aiming at new highs and predicting price points for the most dominant cryptocurrency.
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