Billionaire bitcoin bull Mike Novogratz says 2023 will be a year for crypto markets to try and survive, and 'heal and rebuild narrative'
Galaxy Digital CEO Mike Novogratz says 2023 will be a time for the cryptocurrency industry to"cut costs" and"survive this transition period" after the collapse of FTX, along with a slew of other market meltdowns still spilling over from last year. CNBC's Squawk Box"We've got regulatory headwinds that we didn't have before," Novogratz said."We've got time to heal and rebuild narrative.
The uncertain fate of Digital Currency Group , the crypto conglomerate that own digital asset brokerage Genesis and asset manager Grayscale, is an overhang for the industry as well. Genesis' lending arm halted loan redemptions and originations in November due to a severe liquidity crunch. The firm and its parent company are facing accusations of fraud from Gemini cofounder Cameron Winklevoss.
Novogratz says that the Gemini and DCG debacle won't involve"a lot of selling" for crypto markets, but it's"just not great news." DCG is being investigated by US prosecutors for internal transfers between the parent company and its embattled lender, Bloomberg
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Galaxy Digital CEO Mike Novogratz: 2022 was a grand washout for crypto and growth stocksMichael Novogratz, CEO of Galaxy Digital, joins 'Squawk Box' to discuss Coinbase's decision to cut 20% of its workforce, the infrastructure around cryptocurrencies, and more.
Lire la suite »
Mike Novogratz Says Crypto Market Is “Pretty Clean” Right NowThe cryptocurrency has mentioned the washout of leveraged traders that occurred over the past few months
Lire la suite »
Billionaire MacKenzie Scott Finalizes Second DivorceOne of the world’s richest women has finalized her split from high school teacher Dan Jewett less than two years after they married.
Lire la suite »
Mike Leach's influence extends deeply among his CFP title game 'disciples'Mike Leach was a college football visionary who's impact extended beyond the playbook for TCU coach Sonny Dykes and offensive coordinator Garrett Riley.
Lire la suite »
Rep. Mike Rogers: 'I regret that I briefly lost my temper' with Matt GaetzReps. Mike Rogers, R-Ala., and Matt Gaetz, R-Fla., have apparently buried the hatchet after a tense moment on the House floor late Friday night, when Rogers was physically restrained from going after his colleague.
Lire la suite »
Rep. Mike Rogers apologizes to Matt Gaetz for losing temper during chaotic speaker votesRep. Mike Rogers, who had to be restrained while confronting Rep. Matt Gaetz on the House floor, apologized for losing his temper during the Friday night speaker votes.
Lire la suite »