Galaxy CEO Mike Novogratz predicts a $200,000 Bitcoin if Jerome Powell’s replacement is dovish.
The comment came during an interview with Kyle Chasse, where Novogratz declared:
Trump told us he wants a dove in the Fed […] And if he picks a dove enough of a person, there’s gonna be an ‘oh s**t’ moment. Gold skyrockets, Bitcoin skyrockets.
As Novogratz sees it, Fed’s next chair nominee could serve as the largest crypto catalyst, potentially pushing Bitcoin to a new ATH by the end of the year.
Novogratz warns against a dangerous tipping of balance between crypto and the US dollar stemming from the Fed’s rate cuts.
While rate cuts are bullish for Bitcoin, they’re bearish for the US dollar, because it scares away investors who seek refuge in high risk, high reward digital assets.
And this time we expect Bitcoin to recover its lost territory and make a breakthrough for another ATH. With $120K cleared, a push to $130K and beyond is more than feasible.
Mid-October is the true test if Michael Saylor’s Strategy decides to buy the dip, which is more than likely given that Bitcoin is currently in consolidation mode, floating around the $109K zone for over two days.
With a bullish Bitcoin for October and the crypto market on the verge of a coming alt season, Bitcoin Hyper ($HYPER) appears to be the biggest winner.
By comparison, BNB is second with a TPS of 220, while Solana is second with a real-time TPS of up to 1,000 and a theoretical one of 65,000.
A change is necessary and Hyper brings just that with the help of tools like Solana Virtual Machine (SVM) and the Canonical Bridge.
The Canonical Bridge works by minting the users’ tokens onto the Hyper layer, allowing investors to use their $BTC in the Hyper ecosystem.
These tools allow Hyper to boost Bitcoin’s performance by improving scalability and allowing for near-instant finality thanks to the Bitcoin Relay Program and the zero-knowledge (ZK) proofs.
Most importantly, Hyper eliminates the fee-based priority system, which prioritizes larger and more fee-heavy transactions to the detriment of the smaller and cheaper ones. This system currently increases transaction confirmation times to hours in some cases.
Long-term, Hyper hopes to turn the Bitcoin network into a more feasible choice for institutional investors who process thousands of transactions per second.
The $18.5M presale offers $HYPER at $0.012985 per token, which translates into a potential wealth-building investment opportunity.
This isn’t financial advice. Do your own research (DYOR) before investing.
