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Galaxy Digital Holdings Ltd. founder Mike Novogratz mentioned he expects gold, the euro and cryptocurrencies Bitcoin and Ether to outperform competing investments because the Federal Reserve strikes towards easing its interest-rate will increase after latest financial institution failures result in a possible credit score crunch.
“The clearest trades have been and can proceed to be lengthy gold, lengthy the euro, lengthy Bitcoin, lengthy Ethereum — these belongings that ought to do properly with the Fed stopping mountaineering after which chopping,” Novogratz mentioned in a Bloomberg Tv interview Wednesday.
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