Key takeaways: Galaxy Digital’s Mike Novogratz has said that two-thirds of crypto hedge funds will fail. Mr. Novogratz cited the ongoing global macroeconomic environment as the core reason 66% of crypto hedge funds will go out of business. He also pointed out that the recent market sell-off due to UST’s collapse is an additional factor toward crypto hedge funds closing shop. Galaxy Digital’s founder and CEO, Mike Novogratz, has forecasted a rough road ahead for crypto hedge funds. According to […]
