Wall Street vet and Bitcoin bull Mike Novogratz says the economy is going to ‘collapse’ and we’re heading into a ‘really fast recession’

Wall Street vet and Bitcoin bull Mike Novogratz says the economy is going to ‘collapse’ and we’re heading into a ‘really fast recession’

While many economists agree a recession is likely coming in 2023, Wall Street veteran and Bitcoin bull Mike Novogratz has just given one of the most dire outlooks yet.

“The economy is going to collapse,” Novogratz told MarketWatch on Wednesday, adding, “We are going to go into a really fast recession, and you can see that in lots of ways.”

Novogratz, chief executive of crypto merchant bank Galaxy Digital, gave the interview just before the Federal Reserve raised rates by 0.75…


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