Mike Novogratz Says Crypto More Resilient After Forced Seller Exodus

Mike Novogratz, the billionaire founder of Galaxy Digital Holdings Ltd., said cryptocurrencies have been relatively resilient in the past month partly because there aren’t many forced sellers left in the sector.

“We’re in this weird equilibrium where there are a few buyers, there are a few sellers, and there’s not that energy in the market like you’re seeing in the equity market or the bond market where you have to sell, right?” Novogratz said.