Mike Novogratz, the founder and CEO of Galaxy Digital, has signaled a more cautious outlook for the cryptocurrency market following the recent sharp decline in Bitcoin’s price. Speaking on the current market dynamics, Novogratz suggested that the industry is likely entering a phase of “much lower returns” compared to the explosive growth seen in recent years. He noted that while the fundamental thesis for digital assets remains strong, the market is currently undergoing a period of consolidation as it digests previous gains and navigates shifting macroeconomic conditions. Novogratz emphasized that the high-volatility environment that previously fueled triple-digit returns may be cooling off as the asset class matures and institutional participation stabilizes the price action. Despite the warning of more modest performance in the near term, the Galaxy Digital chief continues to view Bitcoin as a vital component of a modern investment portfolio, albeit one that requires more tempered expectations from investors moving forward.
Source: Following Bitcoin Dive, Galaxy CEO Novogratz Says Crypto Headed for ‘Much Lower Returns’
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