Galaxy Digital CEO Mike Novogratz told COINOTAG that the appointment of the next Federal Reserve chair could materially affect the trajectory of the crypto market. He noted that a policymaker prioritizing growth and liquidity over strict inflation control would likely lower the cost of capital and increase risk-on flows, a conditional setup that could catalyze a crypto supercycle if realized. Novogratz emphasized that renewed scrutiny of central bank independence elevates macroeconomic uncertainty, complicating portfolio construction and digital-asset valuation. Market participants should therefore monitor monetary-policy signals, liquidity metrics, and regulatory developments to assess exposure, while treating any prospective market expansion as contingent on clear policy shifts rather than as a foregone conclusion.