TrendsWide
Contact US
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
No Result
View All Result
Home Economie

Mike Novogratz says Jerome Powell is bad for the investment sector

by souhaib
November 26, 2021
in Economie
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT


Mike Novogratz has stated that the Federal Reserve Chair, Jerome Powell, could slow down the crypto sector. He further noted that he was not pleased with the decision of the US president, Joe Biden, to pick Powell for a second term in office.

During an interview with CNBC, the Galaxy Digital CEI stated that he believed Powell did not have the political and economic state of the crypto state. He further noted that the rest of the market had negative views about Powell. 

Powell’s appointment is creating crypto bears


Are you looking for fast-news, hot-tips and market analysis?

Sign-up for the Invezz newsletter, today.

Novogratz also shared his thoughts on the crypto space, stating that the market has become bearish after Powell’s reappointment.

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

The rising levels of inflation in the US have been attributed to the crypto bulls earlier this month. The inflation rate in the US is currently at a three-decade high, having increased 6.2% annually. The rising inflation is causing a ripple effect globally.

He stated that Powell’s second term could be marked with a strict policy, as he is not seeking another term; hence his job will not be at risk.

Novogratz as a crypto supporter

Novogratz is an agile supporter of the crypto space. He has been bullish about the crypto sector for both the short-term and the long-term. He is among the crypto supporters who supported that Bitcoin (BTC/USD) had the potential to reach $100,000.

In the recent CNBC interview, he further noted that the crypto space was growing due to an influx of institutional investors.

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.

However, Novogratz has been sceptical about non-fungible tokens (NFTs). He noted that the value of these tokens was “not normal” and that investors should take out profits and invest in Bitcoin and Ethereum.

Invest in crypto, stocks, ETFs & more in minutes with our preferred broker,

eToro






10/10

67% of retail CFD accounts lose money



Source link

You might also like

‘momentum is continuing into 2022’

Astra Space stock closed down 20% on Monday: here’s why

Ripple, Dogecoin, Litecoin price forecast for February 2022

Share this:

  • Twitter
  • Facebook
  • More
  • Pinterest
  • Telegram
  • Email
Share30Tweet19
Previous Post

Storm Arwen batters Britain: Temperature plunges to -4.4C as 75mph gale force winds hit

Next Post

Curve DAO Token(CRV) Price Aims AT 80% Upswing, May Hit A 2-Digit Figure Very Soon 2021

souhaib

Recommended For You

‘momentum is continuing into 2022’

by souhaib
February 7, 2022
0

Shares of Chegg Inc (NYSE: CHGG) are up 10% in extended trading on Monday after the student services company said it performed better-than-expected in Q4, despite COVID-19 uncertainty....

Read more

Astra Space stock closed down 20% on Monday: here’s why

by souhaib
February 7, 2022
0

Read more

Ripple, Dogecoin, Litecoin price forecast for February 2022

by souhaib
February 7, 2022
0

The cryptocurrency market is advancing this Monday, and this situation also supports the price of Ripple XRP/USD, Dogecoin DOGE/USD, and Litecoin LTC/USD. Bitcoin is trading above the $44,000...

Read more

Analyst: ‘Apple would be forced into it if Amazon goes after Peloton’

by souhaib
February 7, 2022
0

Read more

Should I buy Uber shares in February 2022?

by souhaib
February 7, 2022
0

Uber Technologies, Inc. (NYSE: UBER) will announce fourth-quarter earnings results this Wednesday, February 09, after the market closes. Uber shares have weakened more than 10% since the beginning...

Read more
Next Post

Curve DAO Token(CRV) Price Aims AT 80% Upswing, May Hit A 2-Digit Figure Very Soon 2021

No Result
View All Result

Recent Posts

  • They evoke Carlos Fuentes “owner of the word” and “creator of our city”
  • Ha’aretz transmits the latest Israeli account of the assassination of Shirin Abu Akleh.. Calls for a transparent investigation and the authority renews its refusal to hand over evidence to the occupation | Politics news
  • US turns to Mexico and Chile in the face of baby formula shortage
  • Speaker Nancy Pelosi Slams Supreme Court As ‘Dangerous To Freedoms In Our Country’
  • NATO officials ‘confident’ on Swedish, Finnish membership bids despite Turkish reservations – POLITICO

Browse by Category

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Categories

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Pages

  • Contact US
  • Newsletter
  • Privacy Policy
  • Terms & Conditions

© 2021 - TrendsWide

No Result
View All Result
  • Home
  • Contact US
  • Privacy Policy
  • Trending
  • U.S.
  • Economie
  • Deals
  • Reviews
  • Cryptocurrency
  • Health
  • Life Style
  • NBA

© 2021 - TrendsWide

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.