- Galaxy Digital is a commercial bank committed to digital assets and blockchain technology.
- While the disbelievers put their views on the crypto ecosystem, Novogratz notified the youth to invest freely in bitcoin by maintaining an advanced comfort level in the digital ecosystem.
One of the profound platforms on financial investment and advisors RIA Channel had a discussion with the CEO and Founder of Galaxy Digital, Michael Novogratz.
About Galaxy Digital
Galaxy Digital is a commercial bank committed to digital assets and blockchain technology. In 2018, Galaxy Digital launched the Bloomberg Galaxy Crypto Index (BGCI). This is an index developed to keep an eye on the performance of massive liquid cryptocurrencies such as Bitcoin, Ethereum and XRP.
Recently, Galaxy Digital launched the Galaxy Bitcoin Funds, which proves easy and secure bitcoin exposure for recognized and attributed investors. At present, Galaxy Bitcoin Funds manages over $350 million in assets.
For transactions within a decentralized environment through any blockchain technology, cryptocurrencies are essential. These currencies are used as a mode of exchanges whereas Bitcoin proves as a substitute to other hard assets like gold.
The more majority of companies hold digital assets and invests in the infrastructure to support it, the company’s value within this asset would increase and the overall system will become easy and safer to access.
The social media giant Facebook, recently announced its own digital currency Libra and planning to release in 2020 to facilitate global payments. Some investors are concerned about the instability of digital currency as well as their depreciating values.
Novogratz views on digital currency
While the disbelievers put their views on the crypto ecosystem, Novogratz notified the youth to invest freely in bitcoin by maintaining an advanced comfort level in the digital ecosystem.
Adding to this, Novogratz pointed out that there is a difference between asset class as a whole and equity and bond markets. Novogratz is well aware to risk and consider bitcoin and all virtual currency systems as opportunities to the strangers.
By means of improved investment education, transparency, custody, and enhanced access points, Novogratz is planning to participate by investing manners along with his investors.