Crypto Industry Looks Like A ‘Bunch Of Idiots,’ Says Mike Novogratz

Mike Novogratz, CEO of digital asset investment firm Galaxy Digital Holdings (OTC: BRPHF), reflected on the lessons learned from the cryptocurrency crash this year.

What Happened: Speaking at the Bloomberg Crypto Summit, Novogratz recounted the events over the last two months that turned into a “full-fledged credit crisis” in crypto.

This resulted in “huge damage to the confidence of the [crypto] space, into the infrastructure of the space,” he said.

“It’s frustrating as heck because at times the whole industry looks like a …

Full story available on Benzinga.com

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