For crypto and equity markets, Novogratz isn’t banking on a V-shaped recovery. Instead, he predicts a combination of market bottoms, ups-and-downs and sideways movement until a “new narrative emerges” on the macro economic environment and interest rates. The U.S. Federal Reserve increasing interest rates to lower inflation is causing hiccups and unpredictability in economic models, he said, adding that he’s “preparing for kind of a longer battle.”
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