Lowered Interest Rates

According to reports, Mike Novogratz, founder of cryptocurrency investment company Galaxy Digital, said in an interview with CNBC’s Squawk Box today that the performance of the crude oil market has already told the market that it is entering a depression phase. Jerome Powell (Chairman of the Federal Reserve) should immediately suspend interest rate hikes and then lower interest rates faster than we expected. Now is the time to focus on Bitcoin and cryptocurrency, which is why Bitcoin and cryptocurrency were created. Founder of Galaxy Digital: Powell should immediately cut interest rates Analysis based on this information:In an interview with CNBC’s Squawk Box, Mike Novogratz, founder of the cryptocurrency investment company Galaxy Digital, stated that the performance of the crude oil market indicates that the market is entering a depression phase. According to Novogratz, the Federal Reserve should immediately suspend interest rate hikes and subsequently lower interest rates at a faster pace than anticipated. He holds that now is the time…