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"Bitcoin and gold show loss of confidence in fiat, says Galaxy CEO"
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"Novogratz believes that Bitcoin's recent performance is linked to macro uncertainty, including tariff policy announcements and rising interest rates. He notes that Bitcoin functions as both a geopolitical hedge and a risk asset, and that institutional adoption is progressing but retail participation has slowed. Novogratz also predicts the emergence of a BRICS-backed currency, possibly supported by gold, and warns that the US economy is behaving more like an emerging market."
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"content": "nostr:nprofile1qyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpqfupvkfgd5pazlt7lr0zqhmsnvrd87xmgwec5y356qnctzdmkvz9qjj8vg8\nhttps://crypto.news/app/uploads/2023/08/crypto-news-Bitcoin-Core-Developers-blockchain-and-artificial-intelligence-golden-and-white-colors-blurry-background-v5.2.png\nAccording to Galaxy Digital founder and CEO Mike Novogratz, the recent rebound in Bitcoin reflects far more than speculative trading, rather it is a direct response to growing macroeconomic instability and a shift in global financial architecture. Speaking on CNBC’s…\nhttps://crypto.news/bitcoin-and-gold-show-loss-of-confidence-in-fiat-says-galaxy-ceo/",
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