Mike Novogratz, founder and CEO of Galaxy Digital Holdings, said that hedge funds investing in cryptocurrencies think two-thirds will collapse as a result of the market drop.
As Bloomberg reported on June 8, Mike Novogratz spoke at the Piper Sandler Conference in New York:
Volume is declining, so hedge funds will need to be restructured. There are 1900 crypto hedge funds and I think two-thirds of them will collapse.
made statements.
Bitcoin since November fell more than 50% Stating that, Novogratz said that the collapse of the Terra blockchain was more than the problems of the project. from macroeconomic troubles He thinks it is due to the fact that he cannot stand the Bitcoin drop.
Terra’s CEO He is very intelligent and charismaticSo CEO, previously Terra’s native token LUNA’s tattoo had it done.
In the annual report of PricewaterhouseCoopers (PwC), one of the most famous accounting companies in the world, last April, LUNA’s most preferred crypto hedge funds 3. Cryptocurrency is had explained.