Galaxy Digital Inc. (NASDAQ: GLXY) CEO Mike Novogratz has forecasted a major transformation in the cryptocurrency sector, moving away from speculation.

Speaking at the CNBC Digital Finance Forum on Tuesday in New York City, the CEO stated that the future of crypto involves “real world assets with much lower returns.” He added that tokenized stocks are likely to have a distinct return profile compared to traditional assets.

The CEO cited Bitcoin’s 22% drop in November 2022 after the FTX collapse as a “breakdown in trust.” He also referenced the October 2025 crash, saying the event devastated retail investors and market makers while exacerbating downward price pressure.

Novogratz…

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