It’s Time to Buy Bitcoin (BTC) and Gold, According to Mike Novogratz! Here’s Why!

banking crisis in the USA Bitcoin (BTC) and caused a dump in cryptocurrencies.

While the ensuing bank bailout plan raised cryptocurrencies, comments came from important names in the industry regarding both the bank crisis and crypto.

One of the commentators on these events Mike Novogratz, founder and CEO of Galaxy Digital it happened.

Speaking to CNBC’s Squawk Box yesterday, Mike Novogratz said it’s time to buy Bitcoin and BTC He said it was the right time to buy.

Commenting on the current market conditions, the FED’s interest rate policy, and the decline in commodities and oil, Novogratz claimed that all these negativities are moving towards a recession and a credit crisis in the USA and the world.

Stating that bankruptcies of banks were added to these declines, the famous CEO continued his words as follows:

“We will have a credit crunch in the US and globally, and tough times are imminent for the US economy.

While there are difficult times in the USA and all over the world, the rises in the crypto field seem very close.

I think it’s a good time to invest in Bitcoin and cryptos because it was built exactly for the crises we are in.

Because when governments are in so much pain, they print a lot of money, and we are witnessing it.

So if you want to win in gold, silver and Bitcoin in the long run, now is the time to buy.”

Stating that there was a banking crisis as well as the decline in the markets, Novogratz said that the threat of credit crunch in the economy FEDHe stated that it will result in the cessation of interest rate hikes.

According to Novogratz, the Fed may lower interest rates sooner than expected.

“The Fed will lower interest rates sooner than we think.

In fact, the situation may become more difficult if the Fed does not take further steps to guarantee deposits.”

*Not investment advice.