Former Goldman Sachs partner and founder of Galaxy Digital investment fund, Mike Novogratz has said that he expects cryptocurrency to flip next year in an interview published by Financial Times magazine.
As it was stated by Financial Times, Novogratz pointed out that this year has been challenging for cryptocurrency world and that it is very hard for companies to make to make business in a bear market.
However, Novogratz predicted that financial institutions will transition from investing in cryptocurrency funds to investing in cryptocurrencies proper in the first quarter of next year.
As FT reports, Novogratz also predicted that cryptocurrencies will flip next year cryptocurrency prices will start to rise again to new maximums.
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