The appetite for cryptocurrencies has increased since the start of the Covid-19 pandemic, especially for Bitcoin. Michael Novogratz, founder and chief executive officer of Galaxy Digital Holdings, joins BNN Bloomberg to discuss his outlook for the cryptocurrency space heading into the end of the year. He says that cryptocurrencies are here for good, and that Bitcoin and Ethereum are not going away.
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Francisco Gimeno - BC Analyst Novogratz's predictions are just common sense opinions by just looking at the expansion of Crypto and blockchain based platforms like CeFi and DeFi. Just today we hear EU is already talking about how to handle crypto and if there should be a Euro crypto or not. This wont be fast, but Novogratz says the truth: Crypto (the most known face of the 4th IR) is here to stay, and will develop and evolve to shape the backbone of the digital economy.