Galaxy Digital’s Mike Novogratz Says Institutions Waiting for Key Indicator To Flash Before Eyeing Crypto

Galaxy Digital boss Mike Novogratz says that the biggest players are waiting for a certain sign from the crypto markets before looking at allocating capital to the nascent asset class.

In a new interview with Raoul Pal on Real Vision, the crypto veteran says that institutions have mostly done all the due diligence they need on the space, but may be waiting for retail traders to jump in first.

“Crypto needs the retail participants to come back to these communities to buy in, to believe, to drive price, because that’s what’s going to get institutions back engaged. Institutions intellectually understand this business. They understand blockchain