Mike Novogratz Ties Bitcoin’s Fate To Trump’s Fed Chair Pick — Here’s Who Polymarket Bettors See Making The Cut

Galaxy Digital Inc. (NASDAQ:GLXY) CEO Mike Novogratz said in an interview aired Tuesday that the political landscape could influence the cryptocurrency cycle, depending on President Donald Trump’s choice for the next Federal Reserve Chair.

Fed Under Political Pressure, Says Novogratz

In response to fellow cryptocurrency advocate Anthony Pompliano’s question about the 4-year Bitcoin (CRYPTO: BTC) cycle, Novogratz said that the “political situation” makes predicting the top of the cycle that much more difficult.

“Depending on who Trump picks as the next Fed governor, it could kick off a whole freaking mega cycle,” Novogratz stated. “We throw so many independents into the toilet and crypto’s going a lot higher, right?”

He argued that the central bank was under “political pressure” to lower interest rates at a time when the stock market and gold were at all-time highs.