Galaxy Digital CEO Mike Novogratz believes Bitcoin’s price could surge if the next US Federal Reserve chair is dovish. A dovish stance could weaken the US dollar but boost Bitcoin and other risk assets. Bitcoin is currently trading at $109,450. Daleep Singh also anticipates changes at the FOMC after Powell’s term ends in 2026.

Novogratz warns that if Trump appoints a dove, it may trigger an “oh shit moment,” causing gold and Bitcoin prices to skyrocket. Trump has narrowed his shortlist for the next Fed chair to three candidates. The Fed’s first rate cut in September was anticipated, but Waller had been advocating for a rate cut in July.

Read more at Cointelegraph: Mike Novogratz Predicts ‘Biggest Bull Catalyst’ For Bitcoin