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Ethereum World News 2022-06-09 16:50:20

Galaxy Digital’s Mike Novogratz Warns that 66% of Crypto Hedge Funds Will Go Out of Business

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 […]

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