Bitcoin Bull Mike Novogratz Insists ‘Crypto Revolution Has Happened’ Despite Falling Prices, liquidation
Galaxy Digital CEO Mike Novogratz says that despite massive sell-offs across a broad range of cryptocurrencies, the story of crypto has not changed and “the crypto revolution has happened.” While viewing the current market as a “liquidation event” and a setback, Novogratz still believes in the long-term adoption of bitcoin. Crypto Revolution Amid ‘Liquidation Event’ Mike Novogratz shared his view on the crypto market in an interview with CNBC this week. He calls the bitcoin plunge a “liquidation event” that feels like capitulation. The Galaxy Digital CEO has long been pro-bitcoin. In his view, recovery will take some time. “Humpty Dumpty never gets put back together in two days … when he cracks,” he opined. “It’s going to take a while. The market will consolidate. It will find a bottom somewhere. I’m hoping it’s close to here.” However, Novogratz emphasized: The story hasn’t gone anywhere. This crypto revolution has happened, but these are certainly setbacks for the wallets and f