Novograzzes believes that Bitcoin’s performance decreases in times of fear, because the mentality of “reluctance to risk” obstructs new adoption waves.
Mike Novoghatz, CEO of Galaxy Digital, believes that the financial markets are in depth which pushes investors to traditional refuges such as gold, even by difficulty the digital currency market to stand up.
Addressing the CNBC network on Wednesday, Novuogsz said that recent climbing in customs tasks had surprised a lot and caused a shock throughout the world economy. He explained that this market reaction is linked to broader geopolitical changes that modify the infrastructure of the global security and economy system. “Trump says:” said Trump: Hey, I would like to change thatThis has led to a state of serious uncertainty, “noting that this disorder affects various categories of assets.
Bitcoin does what his support. Acting as a financial strengthening bulletin.
In times, it reflects both the flight to security and a long -term bet on a new financial system. But as a young asset, he always calms down to grow up. Adoption does not prosper in …– Mike Novoghatz (@Novogratz) April 16, 2025
The death of digital currencies with the growing demand for gold, due to uncertainty
The American stock market has decreased by around 10% since the beginning of the year, a decrease that Novograels see below the size of the event, pointing deep structural changes which currently make their way at the heart of the economic system, where it has declared: “People tend to avoid risks”, noting that Bitcoin – which is often considered as a tool which is frustrated in troubled times – rhythm of adoption. He continued: “We saw a very small number of new buyers”, indicating that current chaos obstructs the entry of new investments in the digital asset market.
As for gold, it embodies the concerns of investors. Novograds commented: “Gold and Bitcoin are two certificates for assessing financial management.” He highlighted the rise in gold prices as a sign of decrease in trust in economic leadership, because foreign central banks increase their gold purchases. Novograzels are not aware of the possibility of a currency supported by the Brics group within two years, and it can be linked to gold.
Novogs warns against the first signs of a complete economic transformation
Novujoz sees that the total economic scene has started to be identical to the emerging characteristics of the market. He warned, saying: “Interest rates are high and the value of the dollar is decreasing, which means that our economic behavior addresses the behavior of emerging markets”, noting that the advanced markets have been capable of supporting the deficit without the affected liaison markets for decades, and it seems that this period was completed.
The recent fluctuation in the bond market refers to deeper fears related to the approach of Washington, because Novogsz has explained that “the markets see that you move excessively to excessive and that the strategy followed will not be effective”. Even minor interest rates increases currently involve exorbitant costs due to the American debt of 35 billions of dollars.
Novogs has added that the increase in customs prices will not often lead to a significant reduction in the financial deficit and said: “This procedure for prices was about 2% of tax revenue, or in particular income taxes, while wage taxes are 85%. “He added that tax reductions in other areas increase the complicated financial situation:” The equation is not balanced, and this level of ambiguity is what is confused the markets and has raised their fears. “”
Finally, Novuogs believes that current fluctuations are more than a short -term drop, and it is supposed to be the beginning of a complete economic transformation; Investors are looking for stability at a time when governments reconsider the global economic integration system. Consequently, the Chipo sector may have to wait for the situation to stabilize before adoption resumed again.
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