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Mike Novogratz, the CEO of the crypto investment company Galaxy Digital, has recently predicted that the next bull cycle of Bitcoin (BTC), the largest cryptocurrency by market cap, could start in the fourth quarter of 2022.
Novogratz shared this opinion at the Consensus 2022 conference in Austin, Texas. According to the billionaire investor, Bitcoin is not going to trade well until the Federal Reserve takes a break.
“My hope is that by the fourth quarter, the economy will be slowing enough that the Fed says we are going to pause, and then you will see the next crypto cycle start. Then Bitcoin will break from equities and lead markets… Rates are going to 5% in the U.S. I hope crypto can decouple.”
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