Galaxy Digital CEO Mike Novogratz suggested that the appointment of a dovish Federal Reserve chair could be a major catalyst for a Bitcoin bull market. In a recent interview, Novogratz stated that if Trump fulfills his promise to select a dovish candidate, the Fed might adopt an aggressive rate-cutting stance. This could lead to significant surges in both gold and Bitcoin, potentially driving Bitcoin's price to $200,000. However, Novogratz warned that such a scenario could be detrimental to the U.S., possibly compromising the Fed's independence.