The U.S. banking system is sinking into a state of acute crisis, so investors need to look for alternative instruments. The safest asset is bitcoin, says Galaxy Digital CEO Mike Novogratz.
He stressed that the U.S. authorities have been trying to stabilize the economy since the summer of 2022. However, so far the Federal Reserve has not seen positive results of its tough policy.
According to Novogratz, the crisis could drag on for a long time. The billionaire said on CNBC this week that to avoid jeopardizing his savings, he needs to start moving capital into precious metals and cryptocurrency now.