Mike Novogratz, CEO of digital asset management company Galaxy Digital, commented on the FED’s expected rate hikes on X. Stating that the institution does not actually need such an increase, Novogartz said:

“Call me crazy but I don’t see one good reason for the fed to cut rates. Yet think they will. It’s a great set up for BTC, gold, silver, copper. It’s not a great set up for the USA though. We need a politician who will cut spending dramatically!”

Fed will start cutting rates in June at the earliest

As it is known, the monetary tightening policy, which has been going on in the US for about 2 years, is expected to end this year. However, a few months ago, when there were expectations for interest rate cuts even in March, today it is stated that no cuts will be made even in May. Experts believe that the Fed will start cutting rates in June at the earliest.

Interest rate cuts are expected to bring serious rises, especially in stock markets, precious metals and cryptocurrencies, but the fact that Bitcoin, along with the S&P 500, Nasdaq and Dow Jones in the US, broke records in a row clearly shows that the markets did not expect these cuts.