Galaxy Digital CEO said that the US is heading for a credit crunch and economic downturn.
"[T]he commodity market is telling you, the oil market is telling you we're heading into a recession."
"The commodity market is telling you, the oil market is telling you we're heading into a recession."
Gold, meanwhile, rallied 1.37% Wednesday to about $1,937.50, and Brent crude oil, the international oil benchmark, tumbled 5.6% to trade around $73 a barrel.
"And so you're going to see a credit crunch happening in the United States and that's starting to get priced into the market in a dramatic way."