Novogratz Suggests Buying Bitcoin Against the Crisis in the USA

Galaxy Digital CEO Michael Novogratz stated that now is the right time to buy gold, silver and Bitcoin (BTC).

In an interview with CNBC, Michael Novogratz stated that banks often recapitalize by lending less, which can lead to a liquidity crisis. In addition, Novogratz underlined that indicators such as the commodity market point to concerns such as recession.

Touching on the agenda in his CNBC interview, Novogratz stated that in the midst of all these banking crises and liquidity crunch, it is a good time to buy gold, silver and Bitcoin.

Novogratz Maintains Bitcoin Maximism

Speaking on CNBC’s Squawk Box, Galaxy Digital CEO Michael Novogratz drew attention with his Bitcoin maximism.

The banking sector in the USA is going through difficult and turbulent times this month. The collapse of Silvergate Bank, Signature Bank and Silicon Valley Bank in the same week turned the banking system’s outlook “negative”.

Novogratz told CNBC that the Fed “wanted to do a pigeon-sized increase” in its interest rate policy. However, Novogratz argued that it would be a “big mistake” to implement this interest rate policy. Touching on the effects of these troublesome processes in the USA, Novogratz said;