Michael Novogratz gives insights into various issues ranging from future Fed rate cuts to crypto regulations, in his recent interview. 

“The Fed is going to keep moving rates lower,” he said. 

I think he (Fed Chair Powell) would like to move rates lower faster, but he is not going Kamikaze,” he said. 

The Fed started its rate cut cycle in September with a 50 basis points cut.  

Michael Novogratz thinks the next rate cut will be 30 basis points in October, which he believes is reasonable and likely supported by a few other big data points. 

The Fed is going to keep moving rates lower

MICHAEL NOVOGRATZ

China’s monetary policy is also relevant, as Michael Novogratz gives his insights

He explained that you have the two largest economies in the world, China and the USA, cutting rates and pumping liquidity into the system.

The Monetary Policy Committee of the People’s Bank of China is now as relevant as the Federal Reserve Monetary policy.

China’s economy is forecast to exceed the US’s by the decade’s end. 

If this is the case, PBC monetary policy will be more impactful than the Fed’s by the turn of the decade.

Michael Novogratz gives his insights on a potential Harris presidency

Trump is pro crypto, but what about Harris?

“I have spent a lot of time talking to people around the Harris campaign,” said Michael Novogratz  

“I think Hariss will shift away from the Elizabeth Warren, faction,” he added. Elizabeth Warren’s crusade against crypto is what she perceives as bad actors using crypto, which is a fallacy. 

Why would a villain leave a digital trail, better-used banknotes in a brown paper bag?  

“When you think about the important technology, it is then AI, robotics and blockchain,” he said.    

I have spent a lot of time talking to people around the Harris campaign

MIKE NOVOGRATZ

Post-presidential elections Michael Novogratz gives his insights 

I am confident that a year from now, we will have regulatory clarity 

He believes there is now bipartisan support for crypto-blockchain technology. “They all kind of get now this is an important technology for America,” he said. 

It is relatively simple what they have to do.

They have to pass an infrastructure bill that is not too suffocating.

“Companies are scared to build apps on top of blockchains because they are not sure if they will get arrested for issuing a token,” he said. 

“So once there is clarity, you will see a lot of innovation on blockchains, and so it’s a market infrastructure bill, a stablecoin bill, and it is a direction to the Options Clearing Corporation (OCC) to let companies hold crypto on their balance sheet,” he added. 

“Those three things and I will stop going to Washington,” he said.  

Next big jolt to Bitcoin, Michael Novogratz gives his insights

“When we have options that trade on ETFs,” he said. 

Micro strategy is one place you can get leverage on Bitcoin crypto investors, as it trades at more than 2.3 times the bitcoin, because of options in the single week it is the most traded option stock in the whole market,” he said.