After a recovery on March 16, the United States equities markets are again down on March 17. Investors remain concerned about the vulnerability of banks in the U.S. and Europe. A silver lining for cryptocurrency investors is that (BTC) has remained decoupled from the equities markets and has risen to its highest level since Jan. 12.
Galaxy Digital founder and CEO Michael Novogratz said in an interview with CNBC that the U.S. and the globe will face a credit crunch as banks lend less to rebuild capital. He said investors should be long on Bitcoin and crypto because these are the times for which it was created.