'It shocks me that we’re talking so much about crypto regulation and nothing about AI regulation,' Galaxy Digital's Mike novogratz told shareholders in a conference call.
However, he believes blockchain-based applications will play a “huge role” in combating some of the issues presented by AI:
“Crypto and blockchain is going to have a huge role in that. It is dumb to think that we should cache this industry because of Sam Bankman-Fried in his Bermuda shorts, period.”with the Technology Advisory committee last week.has helped the crypto industry recover remarkably thus far in 2023. “All the selling that needed to get done got done, right? There was so much bad news, if you had to sell, panic selling and just the nervousness of “Oh my God! This thing could go to zero,” and people were in sheer panic, you had seller’s exhaustion,” he said.
Following a tough zero-COVID approach by the Chinese government, Novogratz said he has since noticed more crypto activity coming out of China. “China took the regulatory boot off the necks of their tech companies, and that includes crypto, [so] you’re seeing more activity from Asia.”
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