"Fed rate cut will boost bitcoin growth" - trader Mike Novogratz

Famous and successful American trader Mike Novogratz predicts good bitcoin growth if the federal banking system stops defiantly raising rates while fighting another inflation. The previous season was challenging for the top crypto, and bitcoin sank significantly due to rising correlation. But if the situation stabilizes soon, the coin will gradually return to its last readings.

All along, the WTC has remained stable with inflation. Still, after J. Powell began his disastrous campaign to raise interest rates, bitcoin failed and collapsed for the company with other unstable assets. 

A U.S. investor said: "As soon as J. Powell started hammering inflation over the head with a sledgehammer, Bitcoin naturally collapsed and entailed the other assets." It is worth noting that there was another third rate hike in the previous month, and this time by as much as 75 points.

The investor is sure that you should not write off the first crypto. It is still an excellent subject for investment. In his opinion, the growth will not be rapid and, under favorable conditions, will reach $30,000 before the following year.