Mike Novogratz on His Big Crypto Mistake and What’s Ahead for Bitcoin
— Youre, Money, Novogratz, Thats, Mike, Crypto, Whats, Luna, Think, Big, Going, Mistake, Companies, Lot, Ahead, Bitcoin — 1 min read
Mike Novogratz, a veteran hedge-fund manager and crypto billionaire, says he took on too much risk. He says he's hoping we saw the worst of the worst last weekend. The crash of luna and the industry more broadly has burned Galaxy Digital’s portfolio and, presumably, a chunk of his net worth. He reflected on what happened this time around and what he might do differently ahead of the next crypto bubble and crash — because in crypto, there is always a next one not too far away. In an asset bubble, we had a speculative mania in lots of asset classes, he says. Source