Galaxy Digital CEO Expects Slow Grind to Build Trust After FTX ‘Failure to Self-Regulate’

2022-11-24 05:37

The CEO of Galaxy Digital expects a slow grind to build trust with clients as back-to-back black swan events hit the crypto industry.

In an interview with CNBC, Mike Novogratz, the CEO of Galaxy Digital, mentioned that there is a crisis of confidence in the market. He doesn’t expect a recovery anytime soon because it will be a grind-out of rebuilding trust.

“This is always about building trust with your clients. Right now, we are in a deficit of trust. People think there is a black swan around every corner and that everyone else is, you know, a sociopath, saying one thing and doing something else,” stated Mike Novogratz

"Our industry has failed to self-regulate," Galaxy Digital CEO Mike Novogratz says of cryptocurrency. https://t.co/YRU4JuDQA7 pic.twitter.com/x6iWF0Bbpp

— CNBC (@CNBC) November 23, 2022 What is Galaxy Digital?

Galaxy Digital is a publically traded company listed on the Toronto Stock Exchange and the Mexican Stock Exchange. The company offers digital assets, cryptocurrency, and blockchain technology services.

Billionaires Bullish on Bitcoin

While Mike Novogratz is skeptical about a quick recovery in the industry, he believes Bitcoin is not going away. He said, “There are 150 million people that have already decided to store some of their net worth in Bitcoin into this decentralized community that’s verified by cryptography. So, in no world is Bitcoin going away. This is a buying opportunity in the long run.” He predicted that Bitcoin is still on track to hit $500,000 in five years.

While Cathie Wood, the CEO of Ark Invest, mentioned in a Bloomberg interview that Bitcoin will hit $1 million by 2030. Ark Invest is an American investment management firm that invests in “disruptive technologies.” Wood believes that once the institutions understand the technology, they might be comfortable moving into Bitcoin and Ethereum.

She asserted in the interview that:

“Bitcoin is coming out of this smelling like a rose”

Got something to say about Wood’s Bitcoin price prediction or anything else? Write to us or join the discussion on our Telegram channel. You can also catch us on Tik Tok, Facebook, or Twitter.

For BeInCrypto’s latest Bitcoin (BTC) analysis, click here.

The post Galaxy Digital CEO Expects Slow Grind to Build Trust After FTX ‘Failure to Self-Regulate’ appeared first on BeInCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Dark.Build (DARK) на Currencies.ru

$ 0 (-0.04%)
Объем 24H $0
Изменеия 24h: 6.32 %, 7d: -9.40 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 13.99 (-100%)

build trust galaxy grind digital ceo expects

Источник: beincrypto.com

build trust → Результатов: 90


Фото:

Zilliqa (ZIL) price prediction after current sell-off

Zilliqa ZIL/USD has weakened from $0.23  to $0.11 since April 01, 2022, and the current price stands at $0.12. Scalable and secure platform for developers Zilliqa is a scalable and secure platform for developers who want to build decentralized applications, and as blockchain technology evolves, its efforts are focused around streamlining the efficiency, trust, and […] The post Zilliqa (ZIL) price prediction after current sell-off appeared first on Invezz.

2022-4-9 12:37


Harmony’s 4-Shard Network Upgrades to Support Staking, Allowing Users to Earn ONE Tokens

News has surfaced that Harmony has revealed they are extending staking options for their Mainnet users. They will reward users with extra tokens for locking their ONE token. According to Harmony cofounder Nick White, this sort of arrangement would build trust levels with their client base without actually identifying them. Harmony's top brass with a […]

2020-5-21 18:25


RTrade CEO talks Interplanetary File System (IPFS) – potential applications, challenges of good user experience for crypto/web3 devs, ETH 2.0 & ENS Domains

Derrick Foote is a Canadian web 3.0 entrepreneur dedicated to helping build Web 3.0 with trust and transparency, giving back data freedom and control online to the users. Actively involved in the Blockchain space since 2013 and a graduate of Oxford University Blockchain Strategy program, Derrick has spent years educating people on blockchain technology, managing […] The post RTrade CEO talks Interplanetary File System (IPFS) – potential applications, challenges of good user experience for crypto/web3 devs, ETH 2.0 & ENS Domains appeared first on CryptoSlate.

2019-11-29 15:30


Состоялся запуск бета-версии основной сети Hedera Hashgraph

Во вторник, 17 сентября, состоялся публичный запуск бета-версии PoS-блокчейна Hedera Hashgraph с заявленной пропускной способностью в 10 000 Tps. We did it. The trust layer of the internet is here.

2019-9-17 17:03


Trust Scores and Tim Draper-Backed Blockchain IoTeX to Build the ‘Internet of Trusted Things’

IoTeX is a platform that focuses on the power of the internet of trusted things. And today, the platform launched its mainnet. The platform’s Head of Growth, Larry Pang, had an exclusive interview with CCN, in which he stated “Our vision is much more than just adding trust to today’s IoT devices. We’re creating a […]

2019-4-23 19:23


IOTA And EVRYTHNG Collaborate To Build Intelligent Supply Chains

IOTA, a DAG project which connects devices on the “Internet of Things” (IoT), has joined EVRYTHNG, another IoT commerce based project, to build comprehensive and secure supply chains. According to a post on the IOTA Foundation’s blog,  the partnership aims to create more transparency, efficiency and trust in supply chains, streamlining the way goods move […] The post IOTA And EVRYTHNG Collaborate To Build Intelligent Supply Chains appeared first on Crypto Briefing.

2019-4-20 23:24


BlooCYS ICO

BlooCYS will be an expert place platform that facilitates hiring professionals for consultancy services using real-time video and blockchain technology. Using blockchain technology, BlooCYS will unite consumers and experts into a decentralised, open and fair network that anybody can use without going through any intermediaries.

2019-1-17 17:05


Sheepcoin ICO

“In Blockchain We Trust” is the official motto of the Sheepcoin. The problem of mutual trust has existed for thousands of years because of the nature of trade transactions in which goods are exchanged and it takes both time and effort to build trust; with the inclusion of reliability one of the key features achieved using blockchain technology vast improvements will occur.

2019-1-5 03:33


Фото:

BitGo нанимает топ-менеджера крупного американского банка

Бывший специалист американского банка First National Bank Ричард Коркоран присоединился к команде BitGo в роли руководителя подразделения, предоставляющего институциональным клиентам услуги по хранению цифровых валют.

2018-12-10 17:53


Factom [FCT] Price Surges Over 100% Despite Bearish Crypto Market, Relists on Coincheck

Despite extremely bearish movements across the market, Factom has been holding its value and undergoing a recent surge. The cryptocurrency which focuses on using blockchain technology to build data integrity and trust systems had been holding support solidly around $4 despite the rest of the market sharply declining.

2018-11-26 19:13


дальше еще 41 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin A Tad Closer To $40,000 – Is $41K The Next Stop In A Few Days?

Maintaining its lofty position—the highest it has reached in the last 18 months—Bitcoin is once again on the edge of a potential price increase. With a notable 10% gain over the previous month and more than a doubling of its value over the same period last year, the markets valued Bitcoin (BTC) at over $38,600 on Friday morning.

Galaxy Digital targets Europe for crypto expansion

American investment company Galaxy Digital will expand its presence in Europe, appointing new CEO in Europe. Galaxy Digital has appointed Leon Marshall to lead its European operations, seeking expansion opportunities in the region amid Markets in Crypto-Assets (MiCA) cryptocurrency regulations.…