Novogratz is expecting a 50-basis-point rate hike from the Fed soon as Chair Jerome Powell remains “very hawkish for a while” during his fight against four-decade high inflation.
economy is expected to take a major hit from the extra Fed tightening by late next year and early 2024,” the economists said.
And once the Fed is forced to pause due to slower economic growth, “Bitcoin goes to the moon,” Novogratz said during his fireside chat on Wednesday.
“I go to bed, and I pray that the stewards of the U.S.
“Traditionally, when countries had horrible stewardship and started having hyperinflation, people would find U.S.