Despite $68 Million Loss, Novogratz Optimistic About Crypto’s Future

Despite $68 Million Loss, Novogratz Optimistic About Crypto’s Future

It seems that the crash in the Bitcoin price has been affecting all cryptocurrency investors, from the retail holders to the institutional fund managers. A press release published last week has revealed that Galaxy Digital Holdings, the crypto merchant bank headed by former Goldman Sachs partner Mike Novogratz, has posted losses for its fiscal Q3, seemingly due to the large-scale collapse in digital assets.