Federal Reserve Could Kill Crypto Rallies In 2022

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 2 months ago '19        #1
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The Dogefather  topics gone triple plat - Number 1 spot x15
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Federal Reserve Could k*ll Crypto Rallies In 2022

Galaxy Digital’s Mike Novogratz thinks that Federal Reserve Chair Jerome Powell could be a threat to crypto’s bull run moving into next year.

Speaking to CNBC, the billionaire investors said that “the macro story has changed a little bit,” adding that Powell being reappointed by President Biden could allow him “to act more like a central banker than a guy that wants to be reappointed.”

Novogratz opined that the threat of out of control inflation could force Powell and the Fed to start raising rates and scaling down quantitative easing programs, which would ultimately be a drag on the prices of many a*sets, including crypto.

We have inflation showing up in pretty bad ways in the U.S…So we can see, is the Fed going to have to move a little faster? That would slow all a*sets down. It would slow the Nasdaq down. It would slow crypto down, if we have to start raising rates much faster than we thought.

While the Galaxy Digital CEO is cautious about the potential effect of future monetary policy on the digital a*set space, he’s still been maintaining a bullish stance on the industry in general. According to him, institutional interest in crypto is constantly gaining momentum.

“The amount of institutions Galaxy sees moving into this space is staggering…I was on the phone with one of the biggest sovereign wealth funds in the world today, and they’ve made the decision on a go-forward basis to start putting money into crypto…I’ve had the same conversations with big pension funds in the United States.”

In addition, Galaxy announced yesterday that the crypto giant raised $500 million in new funds in the form of exchangeable senior notes. The notes will earn holders 3% interest and will mature in 2026.

According to Galaxy, the new capital will be used to accelerate growth initiatives across its business lines, as well as general corporate purposes.

Last edited by The Dogefather; 12-01-2021 at 11:35 AM..


 2 months ago '13        #2
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fu*k that guy

Top 10 most propped recently  2 months ago '14        #3
strungout  topics gone triple plat - Number 1 spot x7
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Should we cash out before the new year ?

I'm kind of low on funds right now so I might need to anyway

Top 10 most propped recently  2 months ago '14        #4
strungout  topics gone triple plat - Number 1 spot x7
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Wish there was a way to turn 1 ethereum into 2

Sign me up


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