Following Bitcoin Dive, Galaxy CEO Novogratz Says Crypto Headed for 'Much Lower Returns'

The "age of speculation" that captivated crypto traders is ending, Galaxy CEO Mike Novogratz told CNBC in an interview Tuesday. Instead, he told the news outlet the market is “going to be transposed or replaced by us using these same rails, these crypto rails, to bring banking [and] financial services to the whole world. And so, it’s going to be real-world assets with much lower returns.” Novogratz said the recent shift in crypto market dynamics is a reflection of change in the broader finance sector. H ...