Galaxy CEO Novogratz Predicts Diminished Returns for Crypto Market

Mike Novogratz, the CEO of Galaxy Digital, has expressed his belief that the cryptocurrency market is transitioning away from a speculative phase. In a recent statement, he emphasized that this shift is paving the way for the tokenization of real-world assets, which will likely yield lower returns compared to the previous exuberance seen in the crypto space.

Novogratz's insights come in the wake of Bitcoin's significant price drop, which has left many investors reassessing their strategies. He suggests that as the market matures, the focus will shift from speculative trading to a more stable and grounded approach centered around tangible asset tokenization.