Novogratz Predicts Bitcoin Rally if Dovish Fed Chair Nominee is Appointed
Galaxy Digital CEO Mike Novogratz believes that the appointment of a dovish US Federal Reserve chair could trigger a significant Bitcoin rally, potentially pushing prices towards $200,000. In a recent YouTube interview with crypto investor Kyle Chasse, Novogratz pointed to the potential nomination of a pro-easing candidate to replace Jerome Powell as a pivotal moment for digital assets.
Novogratz stated that a dovish pivot, particularly if it involves aggressive rate cuts, could lead to a dramatic run-up in prices. “Can Bitcoin get to $200K? Of course it could,” he said, suggesting such a scenario could spark a “blow-off top” moment in the market. The Fed’s current chair, Jerome Powell, is set to complete his term in May 2026, and former President Donald Trump is considering candidates like Kevin Hassett, Christopher Waller, and Kevin Warsh to replace him, each carrying different views on monetary policy.
Dovish Pivot Could Spark Sharp Crypto Rally
Novogratz stressed that such a scenario would come with consequences, including potential risks to US financial stability. “It would be really shitty for America,” he said, warning that Fed independence could be at risk. However, the short-term impact on Bitcoin could be explosive, with Novogratz predicting that “gold skyrockets… Bitcoin skyrockets” if a hyper-dovish nominee is confirmed.
The conversation echoed broader concerns raised by market watchers, including Daleep Singh, vice chair at PGIM Fixed Income, who recently said that the makeup of the Federal Open Market Committee (FOMC) could change significantly post-2026. Singh also flagged risks to the dollar, noting that the balance of risks was “skewed to the downside.”
Hex Trust CEO Predicts Mainstream Adoption of Bitcoin
Hex Trust CEO Alessio Quaglini believes that US banks are on the verge of mainstreaming Bitcoin, pending regulatory clarity. He predicts that within months, most American banks will offer custody, trading, and deposit services for Bitcoin, calling US regulation the “global benchmark” for institutional adoption. Founded in 2018, Hex Trust provides crypto custody, trading, lending, and staking services to institutions across Asia, the Middle East, and Europe.
Quaglini also sees stablecoins as a disruptive force, potentially replacing the SWIFT system for cross-border payments. Unlike US-listed crypto companies that rely on retail trading, Hex Trust’s strategy focuses on providing infrastructure for institutions and avoiding direct exposure to crypto market volatility. With over 200 employees and a million end users via B2B deals, the firm is targeting $20 million in revenue by 2025 and considering a future IPO.
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