Mike Novogratz. Getty Images/Getty Images for Friends of Hudson River Park
Two-thirds of cryptocurrency hedge funds will fail as the market slump continues, Mike Novogratz says.
The Galaxy Digital Holdings chief executive spoke at a Piper Sandler conference Wednesday.
"Volume will go down, hedge funds will have to restructure," Novogratz said.
Get the inside scoop on what traders are talking about — delivered daily to your inbox.
Loading Something is loading.
Email address
By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy.
Two-thirds of cryptocurrency hedge funds are likely to fail as broad market turmoil continues, Mike Novogratz said Wednesday.
Bloomberg first reported that the Galaxy Holdings chief executive told a Piper Sandler conference that the market's reaction to less stimulus paints a grim picture for crypto firms. Novogratz said that monetary tightening from the...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...