Delta Blockchain Fund General Partner Kavita Gupta joins Emily Chang and Bloomberg's Sonali Basak to discuss Novogratz's stalled BitGo acquisition and how the crypto custody firm is retaliating. Plus, her thoughts on institutional and retail investor sentiment during the crypto winter, and whether crypto consolidation is to be expected.
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Francisco Gimeno - BC Analyst There is a lot of moves in this crypto winter where big money is moving towards crypto or being used to acquire digital platforms dealing with DeFi, or crypto trade, NFTs, etc. Some are more successful than others, and those which are not, like in here, problems arise. Novogratz wanted to acquire BitGo by $1.2B but at the end the process was terminated and this has brought its own issues. Well, watching the big picture what we see is that, in this crypto winter retail money is not having a good time, but institutions and big companies are not hesitating to make some noise by bringing money or making purchases looking for the opportunities now, betting for a future where they can get more profitable.