This is The Time to Invest in Bitcoin and Gold, says Mike Novogratz
16 Mar 2023 2:02 AM
For nearly a year, the global cryptocurrency market has been experiencing troubles. From the FTX debacle to the LUNA catastrophe, which in May 2022...
- The global cryptocurrency market has been experiencing troubles for nearly a year.
- Recent closures of three US-based crypto-friendly institutions have exacerbated the market collapse of last year.
- Founder of Galaxy Digital Mike Novogratz highlighted the issues that are currently plaguing the cryptocurrency market and said that the US economy is experiencing a credit crunch and appears to be heading into a recession as a result of the recent events.
- According to him, this is the right time to go long on Bitcoin and Gold.
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The article has a negative sentiment as it talks about the troubles and collapse of the cryptocurrency market, the US economy heading into a recession, and concerns about the banking system.
What recent events have caused the US economy to experience a credit crunch and head into a recession?
According to Mike Novogratz, what is the right time to go long on Bitcoin and Gold?
What recent closures have exacerbated the market collapse of last year?
What is Jerome Powell's potential action that may favor Bitcoin and Ethereum?
What are Mike Novogratz's concerns about the banking system in the US?