Galaxy Digital Founder: U.S. Credit Tightening Can Be Bullish for Gold and Bitcoin

ChainCatcher news, Galaxy Digital founder and CEO Michael Novogratz stated that the U.S. is facing a credit crunch, and now is the time to go long on gold, silver, and Bitcoin. He mentioned that banks typically rebuild capital by reducing lending, which means a credit crunch is imminent, and pointed out that indicators such as the commodities market have already signaled an economic recession, with interest rate policies potentially reversing. In addition to his predictions about the tough times for the U.S. economy, Novogratz also expressed a bullish sentiment towards cryptocurrencies. (Cointelegraph)