Cryptocurrency enthusiast and CEO of Galaxy Digital, Mike Novogratz is lamenting the performance of the crypto market, comparing it to a “methadone clinic,” in a December 11 interview with Bloomberg.
Novogratz is different from other proponents of decentralised currency world, he comes from the traditional hollows of Wall Street, having been a partner at Goldman Sachs, where cryptocurrency is seen, “almost like a religion.” He understands the sentiment of the financial world, and while the believes in the tech that powers crypto, he sells “when prices get stupid.”