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cryptonews
2023-04-13 09:25:00

Billionaire Novogratz: Long Gold, Euro, Bitcoin as 'Clearest Trades' Amid Potential Credit Crunch

Billionaire Novogratz: Long Gold, Euro, Bitcoin as 'Clearest Trades' Amid Potential Credit Crunch

Bitcoin and Ethereum, along with gold and the euro, will outperform other investments as the US Federal Reserve (Fed) starts easing its interest-rate increases, argued Michael Novogratz, the founder of the US-based crypto financial services firm Galaxy Digital Holdings. According to Novogratz, a string of recent regional bank failures may lead to a potential credit crunch, resulting in lenders taking on fewer borrowers and the economy slowing down. ... Read More: Billionaire Novogratz: Long Gold, Euro, Bitcoin as 'Clearest Trades' Amid Potential Credit Crunch

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