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  • Ex-Goldman Sachs partner and founder of Galaxy Digital expects prices to start moving next year and will “flip next year”.
  • The back-end of Sunday saw a bounce across the crypto market prices, with BTC/USD jumping back above $4000.

Mike Novogratz, who is an ex-Goldman Sachs partner and is the founder of Galaxy Digital, he believes that he projects that the cryptocurrency market will “flip next year”, after speaking to Financial Times in an interview.

He further went on to say that “this year has been challenging” for his business, Galaxy Digital. He believes that eventually he has hope that it will become “the Goldman Sachs of crypto”. Stating that currently “it sucks to build a business in a bear market.”

Novogratz predicted within his interview with the FT, that financial institutions will see a transition from “investing in cryptocurrency funds to investing in cryptocurrencies proper in the first quarter of next year.”. He believes prices will start to move again next year.