Galaxy Digital’s Mike Novogratz:
Cryptocurrency Markets Will ‘Flip
Next Year’
Published by @manueldelv
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Mike Novogratz , ex- Goldman Sachs partner and
founder of Galaxy Digital, has said that he
expects cryptocurrency to “flip next year” in an
interview published by Financial Times ( FT)
Nov. 23.
During the interview, Novogratz said that “this
year has been challenging” for Galaxy Digital –
a company that he hopes will become “the
Goldman Sachs of crypto” – adding that “it
sucks to build a business in a bear market.”
According to FT, Novogratz predicted that
financial institutions will transition from
“investing in cryptocurrency funds to investing in
cryptocurrencies proper in the first quarter of
next year.