Galaxy CEO Mike Novogratz predicts a $200,000 Bitcoin if Jerome Powell’s replacement is dovish.
The comment came during an interview with Kyle Chasse, where Novogratz declared:
Trump told us he wants a dove in the Fed […] And if he picks a dove enough of a person, there’s gonna be an ‘oh s**t’ moment. Gold skyrockets, Bitcoin skyrockets.
As Novogratz sees it, Fed’s next chair nominee could serve as the largest crypto catalyst, potentially pushing Bitcoin to a new ATH by the end of the year.
Bitcoin Hyper’s ($HYPER) $18.5M presale will also contribute to that thanks to its promise of turning the Bitcoin network faster and cheaper. Hyper’s Layer 2 aims to solve Bitcoin’s native performance limitation, which would turn the network more feasible for institutional investors.
The Fed Turns Bitcoin Stronger at the Expense of the US Dollar
Novogratz warns against a dangerous tipping of balance between crypto and the US dollar stemming from the Fed’s rate cuts.
While rate cuts are bullish for Bitcoin, they’re bearish for the US dollar, because it scares away investors who seek refuge in high risk, high reward digital assets.
The last FOMC meeting, which took place on September 17, had the opposite effect, though, with the US dollar jumping almost 2 basis points over the following week, while Bitcoin lost 5.4% between then and today.
The meeting resulted in a 0.25% rate cut, which didn’t seem to raise the investors’ interest, but the next ones might. The Fed announced three more cuts coming, two by the end of this year and one more in 2026.
The closest one is planned for October 28 and it’s an almost guarantee if we go by FedWatch’s market sentiment, which puts the odds of a favorable decision at 87.7%.
And this time we expect Bitcoin to recover its lost territory and make a breakthrough for another ATH. With $120K cleared, a push to $130K and beyond is more than feasible.
Mid-October is the true test if Michael Saylor’s Strategy decides to buy the dip, which is more than likely given that Bitcoin is currently in consolidation mode, floating around the $109K zone for over two days.
This hints at a dying bear momentum, which Strategy could capitalize on to push its treasury above 640,000 $BTC.
With a bullish Bitcoin for October and the crypto market on the verge of a coming alt season, Bitcoin Hyper ($HYPER) appears to be the biggest winner.
How Bitcoin Hyper Could Turn Bitcoin Into the Future of the Financial Sector
Bitcoin Hyper ($HYPER) is the Layer 2 upgrade that promises to transform Bitcoin into the driving force behind the new global financial system.
Hyper seeks to solve the very problem that’s holding Bitcoin back in 2025: its native performance limitation. The Bitcoin network is currently limited to seven transactions per second (TPS), which places Bitcoin on the 23rd position on the list of the fastest blockchains in the world.
By comparison, BNB is second with a TPS of 220, while Solana is second with a real-time TPS of up to 1,000 and a theoretical one of 65,000.
A change is necessary and Hyper brings just that with the help of tools like Solana Virtual Machine (SVM) and the Canonical Bridge.
The Canonical Bridge works by minting the users’ tokens onto the Hyper layer, allowing investors to use their $BTC in the Hyper ecosystem.
These tools allow Hyper to boost Bitcoin’s performance by improving scalability and allowing for near-instant finality thanks to the Bitcoin Relay Program and the zero-knowledge (ZK) proofs.
Most importantly, Hyper eliminates the fee-based priority system, which prioritizes larger and more fee-heavy transactions to the detriment of the smaller and cheaper ones. This system currently increases transaction confirmation times to hours in some cases.
Long-term, Hyper hopes to turn the Bitcoin network into a more feasible choice for institutional investors who process thousands of transactions per second.
The $18.5M presale offers $HYPER at $0.012985 per token, which translates into a potential wealth-building investment opportunity.
Given Hyper’s projected long-term utility and investor support during the presale, our price prediction for $HYPER puts the token at $0.32 by the end of the year, following a Q4 release.
If you’d like to support $HYPER or simply diversify your portfolio, read our guide on how to buy $HYPER and go to the presale page today.
This isn’t financial advice. Do your own research (DYOR) before investing.
Authored by Bogdan Patru, Bitcoinist: https://bitcoinist.com/bitcoin-could-reach-200000-following-powells-replacement
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