In a latest interview with Bloomberg, Mike Novogratz, CEO of Galaxy Digital, expressed his frustration on the losses he sustained within the aftermath of the FTX fiasco and lashed out at sole of the highest gamers within the business.
Novogratz spoke bluntly on how a lot was misplaced on account of this debacle, saying the FTX debacle instantly value Galaxy $77 million. Notably, it may have been far worse had it not been for a warning from a billionaire good friend who knew about founder Sam Bankman-Fried’s shenanigans.
Novogratz joked that his “poisonous masculine aspect” wished to punch each Bankman-Fried and Digital Foreign money Group CEO Barry Silbert within the jaw. As reported by U.Right this moment, Silbert is at the moment engaged in a bitter feud with the Winklevoss twins.
He went on to state that his greatest remorse was not offloading extra crypto earlier in 2022 and earlier than FTX collapse.
Even in any case that transpired, Novogratz stays optimistic about what lies forward. Novogratz is able to “stroll by the mud” to get by this crypto winter and boldly claims that the business will see sunny climate once more.
Nonetheless, if Bitcoin doesn’t attain its previous peak by three years from now, he admits that it’ll face severe difficulties since individuals will doubtless lose religion.