Mike Novogratz, the chief executive officer of Galaxy Investment Partners, recently discussed the challenges of building a cryptocurrency investment firm in the 2018 bear market. But the former Goldman Sachs partner predicts that institutional demand for cryptocurrencies will drive the start of a new bull trend in 2019.
Galaxy Digital CEO Discusses Market Landscape
Novogratz recently opened up about the challenges involved with launching a business in a bear market. But the 53-year-old former Fortress hedge fund manager hopes the group’s cryptocurrency merchant bank, Galaxy Digital, will eventually become the “Goldman Sachs of crypto.”