BitRss.com latest World Crypto News

Search and discover the latest Cryptocurrency updated Stories in Categories

24-7 World Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources

Galaxy Digital CEO Expects Slow Grind to Build Trust After FTX ‘Failure to Self-Regulate’

Galaxy Digital CEO Expects Slow Grind to Build Trust After FTX ‘Failure to Self-Regulate’
The CEO of Galaxy Digital expects a slow grind to build trust with clients as back-to-back black swan events hit the crypto industry.



In an interview with CNBC , Mike Novogratz, the CEO of Galaxy Digital, mentioned that there is a crisis of confidence in the market. He doesn’t expect a recovery anytime soon because it will be a grind-out of rebuilding trust.



“This is always about building trust with your clients. Right now, we are in a deficit of trust. People think there is a black swan around every corner and that everyone else is, you know, a sociopath, saying one thing and doing something else,” stated Mike Novogratz




"Our industry has failed to self-regulate," Galaxy Digital CEO Mike Novogratz says of cryptocurrency. https://t.co/YRU4JuDQA7 pic.twitter.com/x6iWF0Bbpp — CNBC (@CNBC) November 23, 2022




What is Galaxy Digital?



Galaxy Digital is a publically traded company listed on the Toronto Stock Exchange and the Mexican Stock Exchange. The company offers digital assets, cryptocurrency, and blockchain technology services.



Billionaires Bullish on Bitcoin



While Mike Novogratz is skeptical about a quick recovery in the industry, he believes Bitcoin is not going away. He said, “There are 150 million people that have already decided to store some of their net worth in Bitcoin into this decentralized community that’s verified by cryptography. So, in no world is Bitcoin going away. This is a buying opportunity in the long run. ” He predicted that Bitcoin is still on track to hit $500,000 in five years.



While Cathie Wood, the CEO of Ark Invest, mentioned in a Bloomberg interview that Bitcoin will hit $1 million by 2030. Ark Invest is an American investment management firm that invests in “disruptive technologies.” Wood believes that once the institutions understand the technology, they might be comfortable moving into Bitcoin and Ethereum.



She asserted in the interview that:




“Bitcoin is coming out of this smelling like a rose”




Got something to say about Wood’s Bitcoin price prediction or anything else? Write to us or join the discussion on our Telegram channel. You can also catch us on Tik Tok , Facebook , or Twitter .



For BeInCrypto’s latest Bitcoin (BTC) analysis, click here .
The post Galaxy Digital CEO Expects Slow Grind to Build Trust After FTX ‘Failure to Self-Regulate’ appeared first on BeInCrypto .

BitRss.com shares this Contents always with License.

Thank you for Share!

   
Tumblr
LinkedIn
Reddit
VK

WhatsApp
Telegram

Cool to know huh? Read the full Article

Read the full Article:  ⭲ Galaxy Digital CEO Expects Slow Grind to Build Trust After FTX ‘Failure to Self-Regulate’


Search about Crypto News


BITRSS | CRYPTOCURRENCY WORLD NEWS

The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed BitRss.com simple and intuitive, usable by all Devices, fast and effective.


| LEARN MORE ABOUT |

Today Most Popular News



SneakPeek Script
Setup, Upload and Go!