Galaxy CEO: Next Fed Chair Could Set Stage for Crypto 'Supercycle'

BlockBeats News, September 24th, Galaxy Digital CEO Mike Novogratz said in an interview that the next Federal Reserve chair could lay the foundation for a "supercycle" in the crypto market. If Trump appoints someone whose monetary policy stance aligns with his own (prioritizing growth and liquidity over inflation control), the cryptocurrency could likely experience unprecedented growth.

"We are entering an era of central bank independence being called into question, something I have never seen in my 40-year Wall Street career. So depending on who Trump chooses to be the next Fed chair, this could ignite an entire supercycle—where the so-called independence is thrown out the window, and the crypto market will soar. The political situation is making predictions more complicated."