Michael Novogratz forecasts the crypto rally dawn, the end of a year-long bear market that has seen more than one trillion dollars wiped off the entire crypto market capitalization. It has been a brutal crypto winter bear market, with some cryptocurrencies losing up to 80% of their valuation from their peak prices.
“Michael Novogratz forecasts the crypto rally dawn”
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Michael Novogratz forecasts the crypto rally dawn is a relief view for long-term Crypto holders
Michael Novogratz recently said in a Yahoo Finance interview that Bitcoin (BTC) and other crypto assets are likely to rally once the Federal Reserve pauses its monetary tightening measures.
Despite all the talk of tightening, these rate hikes are pitiful in the face of real core inflation, stealthy bailouts, and the Bank of England buying gilts to keep yields suppressed is currently in play.
If the Fed and BOE had inflation as their number one priority, we would see Fed fund rates and BOE rates at 10%.
Nearly four decades of credit expansion, which has gone parabolic in the lockdowns, and the writing is on the wall; the system, economy, and government are dependent on debt expansion, and inexpensive credit.
An entire class, pensioners and savers, will continue to be sacrificed so that a debt-expansion economy can continue.
“An entire class, pensioners and savers, will continue to be sacrificed so that a debt-expansion economy can continue”
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So financial suppression, together with fiscal suppression, and higher taxation, will be enforced so that the status quo, which satisfies those at the apex of the human food chain, continues.
Tyranny of the majority.
The paradox is that the electorate, impoverished and shackled with stifling regulations, the green new deal, and anti-car regulations, will vote for their socialist enslavement. Freedom and individualism will become new dirty words.
“Since the Fed has decided to try to smash inflation by raising rates aggressively, the most aggressive rate-raising in our lifetime, Bitcoin sold off with other assets. It’s actually done better than most” – Mike Novogratz
Michael Novogratz forecasts the crypto rally when the Fed pauses in their tightening policy
“Since the Fed has decided to try to smash inflation by raising rates aggressively, the most aggressive rate-raising in our lifetime, Bitcoin sold off with other assets. It’s actually done better than most.
I think if you finally get the pause, you will start seeing Bitcoin pick back up. Bitcoin and all cryptocurrencies.
Are we going to get the pause? At one point, yes.”
Perhaps the pause has already arrived, bearing in mind we are in the midst of another systemic crisis, USD liquidity crisis, pensions crisis, currency crisis.
So with so many red flags, there is no more wiggle room for tightening.
Inflation will become entrenched with higher taxation.
Bond yields will be suppressed, and interest rates on cash deposit accounts will be kept low.
The ongoing currency debasement will eventually entice investors to move up the asset risk curve again.
Michael Novogratz forecasts the crypto rally dawn could be bang on the money. Cryptos with utility and companies engaged in the renaissance of western production, the new apple of state capitalism, could do well. Onshoring could become a buzz word.
