According to Mike Novogratz, founder and CEO of Galaxy Digital, cryptocurrencies can still be a good investment option in the long run.
Speaking to CNBC, Novogratz said that although a few months ago in the cryptocurrency market, there was a “balloon” although it has occurred, “Bitcoin will not disappear” says.
Commenting on various crypto money companies that have gone into bankruptcy like FTX and it, Novogratz said that these companies Not because of cryptocurrencies, but because of “bad management” stressed that this was the case.
Around the world 150 million people Noting that he has some crypto money in his wallet, Novogratz believes that blockchain and crypto money technologies will continue to exist in the future.
Novogratz said that the cryptocurrency market is currently not a “recovery” but rather a in the process of restructuring thinks it is. According to the CEO of Galaxy Digital, in this process many tokens can be “deleted from the market.”