Mike Novogratz, CEO of crypto bank Galaxy Digital, has stated that the banking crisis in the US has been an “adrenaline rush” for digital assets, giving the Bitcoin community “incredible resilience.”
He has noted that this has confirmed the validity of its creation for the crisis in the US economy. Novogratz has commented that Satoshi Nakamoto was worried about the collapse of the financial system in 2009, and that Bitcoin is the first decentralized store of value.
After the publication of financial statements for 2022, which showed a net loss of $1 billion for Galaxy Digital, Novogratz is confident that the macroeconomic tailwind will continue.
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