Billionaire Mike Novogratz Unveils ‘Shackload’ of Four Crypto Holdings, Says Market Could Go ‘A Lot Further’
Billionaire Mike Novogratz is unveiling four major crypto asset holdings, saying that the market has more room to grow.
In a new interview with crypto entrepreneur Kyle Chasse on his YouTube channel, the Galaxy Digital chief executive says that the firm owns a “shackload” of Bitcoin ( BTC ), Ethereum ( ETH ), Solana ( SOL ), and Hyperliquid ( HYPE ).
“I don’t want you people to think I’m bearish because I own a shackload of crypto. We own Bitcoin. We own a lot of SOL through this… We own a lot of Hyperliquid. I own a lot of Ethereum. Those are my big four positions. But add all those up and I can retire like 15 times over.”
According to Novogratz, the markets could skyrocket if President Donald Trump gets to appoint someone who agrees with his economic views as the next Chairman of the Federal Reserve.
“What I’m thinking… very well is going to happen is we’re going to lose the independence of the Fed. Why do I think that? It’s because Trump told us he wants a dove in the Fed, he’s going to pick a dove in the Fed and if he picks a dovey enough person, there’s going to be a moment [where] gold skyrockets, Bitcoin skyrockets.”
Earlier this month, Novogratz said the next Fed Chair selection could cause a crypto “megacycle” as growth and liquidity would be prioritized over inflation.
“We are moving into a world where we’ve got central banking, independence really is a question. We’ve never had that in my 40-year career on Wall Street.
And so depending on who Trump picks as the next Fed governor, it could kick off a whole frickin’ megacycle, right? We throw the independence into the toilet, and crypto is going a lot higher, right? And so the political situation makes that prediction harder.”
Generated Image: Midjourney
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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