crude oil market
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Novogratz Connects Oil Performance to a Depressed Market and Calls for Interest Rate Adjustments in Favor of Cryptocurrencies
According to reports, Mike Novogratz, founder of cryptocurrency investment company Galaxy Digital, said in an interview with CNBC’s Squawk Box today that the performance of the crude oil market has already told the market that it is entering a depression phase. Jerome Powell (Chairman of the Federal Reserve) should immediately suspend interest rate hikes and then lower interest rates faster than we expected. Now is the time to focus on Bitcoin and cryptocurrency, which is why Bitcoin and cryptocurrency were created. Founder of Galaxy Digital: Powell should immediately cut interest rates Analysis based on this information:Mike Novogratz, CEO and founder of Galaxy Digital, a cryptocurrency investment company, recently connected the performance of the crude oil market to the start of a depression phase. He stated in an interview with CNBC’s Squawk Box that the current economic situation is calling for swift interest rates adjustments to favor Bitcoin and cryptocurrency which were created for challenging times like this. Novogratz believes that…
