Galaxy CEO: The Next Fed Chair Could Lay the Foundation for a Crypto "Supercycle"

On September 24, Galaxy Digital CEO Mike Novogratz stated in an interview that the next Federal Reserve Chair could lay the foundation for a "super cycle" in the crypto market. If Trump appoints someone whose monetary policy stance aligns with his own—prioritizing growth and liquidity over inflation control—cryptocurrencies are likely to experience unprecedented growth. "We are entering an era where central bank independence is in doubt, something I have never seen in my 40-year Wall Street career. Therefore, it depends on who Trump chooses as the next Federal Reserve Chair; this could ignite the entire super cycle—so-called independence would be thrown out the window, and the crypto market would soar dramatically. The political situation makes predictions even more complicated."