“If there was ever a time to be interested in bitcoin and cryptocurrencies, it’s now. It’s what they were made for.”
Mike Novogratz, founder and head of crypto trading bank Galaxy Digital.
Mike Novogratz suggested that now is the best time to buy your first cryptocurrency as a hedge against economic problems.
interview with CNBC, the billionaire compared the current market situation with December 2018. At that time, the increase in interest rates by the US Federal Reserve led to the suppression of economic activity.
According to Novogratz, the recent downturn in commodity markets, such as the oil market, indicates that the actions of the central bank of the United States are bringing the world closer to an economic recession and a credit crisis.
What do you think about that?