2018-7-20 01:30 |
Former Wall Street executive Mike Novogratz has recently predicted that mass adoption of crypto and blockchain is “still five to six years away,” Blokt blockchain and tech news outlet reports July 19.
Novogratz claimed that while financial regulators are mainly concentrated on professional institutions, like JPMorgan and Goldman Sachs, the industry is mostly based on retail investors.
He further suggested that regulators should be more focused on the retail sector instead of large professional institutions.
Ranked one of the richest people this year, Novogratz worked at Goldman Sachs and Fortress Investment Group before launching the Galaxy Digital crypto merchant bank in January 2018.
In May, Galaxy Digital partnered with Bloomberg in order to launch the Bloomberg Galaxy Crypto Index (BGCI).
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