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Bitcoin bull Mike Novogratz warns Jerome Powell's second Fed stint could bring pain for crypto prices
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Billionaire investor Mike Novogratz has said Fed Chair Jerome Powell could be about to slow down the crypto market now he's been nominated for a second term.
Novogratz told CNBC on Wednesday the «macro story has changed a little bit» and that «people are getting pretty bearish» on cryptocurrencies.
«Powell gets reappointed, and so maybe it allows him to act more like a central banker than a guy that wants to be reappointed,» Novogratz said on CNBC's «Crypto Night In America.»
«And we have inflation showing up, you know, in pretty bad ways in the US,» he said. «And so we can see, is the Fed going to have to move a little faster?
»That would slow all assets down. It would slow the Nasdaq down. It would slow
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