Watch Novogratz Says He Was Wrong on Crypto Leverage Risks - Bloomberg

Jul 19th, 2022

Novogratz Says He Was Wrong on Crypto Leverage Risks

Mike Novogratz, founder of Galaxy Digital Holdings Ltd., says the recent turbulence in the cryptocurrency industry is a “full-fledged credit crisis” and acknowledged that he was “darn wrong” about the magnitude of the leverage in the system. He speaks to Bloomberg's Sonali Basak at the Bloomberg Crypto Summit.

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