Novogratz: Galaxy Digital Will ‘Suck’ if Bitcoin Fails to Become an Institutional Asset
Galaxy Digital is working on a project that may lead to institutions adopting crypto as an asset class. And the firm needs it, Mike Novogratz says.
It's one of several such applications before the U.S. Securities and Exchange Commission.
“We believe our industry is at an inflection point as we participate in a once in a lifetime secular shift," said CEO Mike Novogratz.
Bitcoin takes a breather as billionaire investor Mike Novogratz warns of market correction.
Galaxy Digital was trading slightly higher on the news.
Robert Leshner's Robot Ventures has secured $4 million in funding from Galaxy Digital and Paradigm to find early opportunities in DeFi.