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#billionaire named three assets that will rise sharply during the Fed's reversal
#Gold ,ย
#silver ย andย
#Bitcoin ย are the main beneficiaries of the Fed's policy reversal, according to billionaire investor and Galaxy Digital founder Mike Novogratz,ย writesย Business Insider.
It is these assets that will actively grow while the dollar falls along with falling interest rates.ย However, Novogratz pointed to structural problems in the Chinese economy, due to which he foresees a fall in the yuan.ย He is bullishย onย the euroย ,ย Australian dollarย and Brazilianย rea
When the US Federal Reserve changes its course to a softer and more loyal one, an โanimal spiritโ will be released into the market.ย On hopes of a reversal in the central bank's policy, the US dollar has already begun to fall.
Overall, Novogratz favors going short the dollar, assuming the US economy slows, inflation falls, and the Fed starts cutting rates next year.
Novogratz is also bullish onย
#gold ย , believing the metal could rise above $2,000 within weeks.ย Silver will also rise, the investor believes
$BTC