Billionaire Investor Warns of 'Ugly Inflation' Impact on Bitcoin

Billionaire investor Michael Novogratz, CEO of Galaxy Digital (GLXY), warned that 'ugly inflation' and current macroeconomic conditions will make it difficult for Bitcoin to recover to previous price levels. He noted that Bitcoin is currently trading below $76,000, far from its all-time high of $126,080, and that central banks are unlikely to ease rates, limiting liquidity for the crypto market.

By Anand Sinha Tue, April 28, 2026 at 10:50 PM GMT+3 2 min read · Yahoo Finance · April 28, 2026, 19:50 UTC

Tickers: $GLXY

Topics: Bitcoin Central Bank Policy Galaxy Digital Inflation Market Outlook

Read the full article at Yahoo Finance

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