Novogratz: Next Fed chair pick could be biggest catalyst for BTC rally

The selection of the next U.S. Federal Reserve chair could be the biggest catalyst for a BTC bull run, according to Galaxy Digital CEO Mike Novogratz. Cointelegraph reports that Novogratz explained that if President Donald Trump nominates a dove to succeed Chairman Jerome Powell, the Fed could embark on major interest rate cuts. He added that this scenario could lead to an explosive rally for BTC, potentially pushing its price as high as $200,000.