COINOTAG News on September 27 reported Galaxy Digital CEO Mike Novogratz told interviewer Kyle Chasse that an appointment of an extremely dovish successor to Jerome Powell at the Federal Reserve could act as a substantial market catalyst for Bitcoin. Novogratz framed this as a conditional view, noting such a shift in central bank policy stance would materially alter risk asset pricing and investor expectations rather than as an inevitable outcome.
He warned that aggressive rate cuts under a dovish chair could create a narrative supportive of higher crypto valuations—he even referenced a hypothetical move toward $200,000 for Bitcoin—but emphasized the macro trade-offs, including potential loss of central bank independence and broader economic costs that would accompany that scenario.