Crypto’s ‘age of speculation’ may be over, says Galaxy CEO Mike Novogratz

Key Points

Bitcoin is down more than 21% so far this year, and nearly 50% from its peak in October.
Galaxy CEO Mike Novogratz said crypto’s “age of speculation,” where investors expected outsized returns, may be ending as more risk-adverse players enter the sector.
“It’s going to be real world assets with much lower returns,” he told CNBC’s MacKenzie Sigalos at the CNBC Digital Finance Forum on Tuesday.

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