Jerome Powell Could Slow Down The Cryptocurrency Industry, Mike Novogratz Says

Jerome Powell Could Slow Down The Cryptocurrency Industry, Mike Novogratz Says

Mike Novogratz is not happy with U.S. President Joe Biden’s decision to pick Jerome Powell to chair the Fed for a second term. And he’s speaking not as a Bitcoiner but as an overall investor: He believes Powell could be detrimental to the markets’ growth. In an interview for CNBC this week, Novogratz hinted that from his point of view, Jerome Powell had failed to understand the political and economic reality of the United States and that the markets have a similar view, being pessimistic about his tenure. Careful With Jerome Powell Speaking about the cryptocurrency market, Mike Novogratz said that “people are getting pretty bearish” on crypto after Jerom Powell’s appointment, especially following the changes in the “macro story.” “We have inflation showing up, you know, in pretty bad …
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