Novogratz Tells CNBC ‘Amazing Ride’ From Cheap Money Is Over

Mike Novogratz, the CEO and founder of Galaxy Digital, tells CNBC that the “amazing ride” from cheap money is over and that “we are not going to get a soft landing.”

He notes that inflation expectations have become a “little unhinged” and that inflation won’t come down until the labor dynamic shifts away from the strong position of labor right now. “We’re going to go through a painful stagnation process,” Novogratz noted.

The investor says as long as the Nasdaq and other assets are selling off, crypto won’t trade spectacularly well. For long term investor he suggests scaling ...