Mike Novogratz Says Bitcoin Is Not Going Away

.novogratz is convinced that Bitcoin will eventually recover from the ongoing crisis

, the Galaxy Digital boss recently compared FTX to the infamous biotech scam Theranos. At that point, Novogratz was still hesitant to say whether FTX was illegal or simply immoral.

At the same time, Novogratz is convinced that the collapse of the second-biggest exchange was not an indictment of crypto itself. Bitcoin and Ethereum are down 76.21% and 76.20% from their record peaks, respectively. , Novogratz recently predicted that the price of Bitcoin could reach $500,000 in just a couple of years.

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