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Alexander Zdravkov

Novogratz: Crypto firms remain tied to Bitcoin; Galaxy turns to infrastructure

On 31 December 2025, Michael Novogratz said crypto‑native companies still rise and fall with Bitcoin, as fees, trading, and staking income compress when prices drop. He added that Galaxy Digital is expanding into data centers and infrastructure to reduce earnings volatility, while he sees scope for a crypto catch‑up into 2026.
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