Despite falling prices: Mike Novogratz remains confident about the crypto industry and Galaxy Digital

taketonews

• Galaxy Digital looking for new employees
• Novogratz sees crypto as a “growth industry and Galaxy [als] a growth company”
• Crypto billionaire bullish on Galaxy Digital’s future

Michael Novogratz, a former Goldman Sachs star trader and Fortress hedge fund manager, is known as a crypto fanatic. So it is hardly surprising that he is now the CEO of his own digital assets and blockchain technology company Galaxy Digital. “Our mission is to drive system change through technology. Today, our main focus is on digital assets, cryptocurrencies and blockchain technology and how these technological innovations will drastically change the way we store and transmit value,” will Novogratz quoted on the Galaxy Digital website.

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Although cryptocurrencies such as Bitcoin & Co. have been going down in the past few weeks and months and Bitcoin is now trading far away from its all-time high of almost 69,000 US dollars in November, Mike Novogratz still believes in the future of cryptocurrencies and his company Galaxy Digital.

Galaxy Digital with recruitment campaign

While there is currently great uncertainty on the crypto market and there are restrictions or even bans on crypto currencies in some countries, Mike Novogratz continues to rely on Bitcoin & Co. and wants to further expand his company. As reported by The Street, Novogratz’ company Galaxy Digital has just launched a kind of large-scale recruitment campaign. The company is looking for talented people who would like to work in the young, up-and-coming industry.

“Interested in helping shape the future of finance? @GalaxyDigitalHQ is hiring for entry-level positions across multiple departments!” the crypto company posted on Twitter in mid-February.

And Novogratz himself shared his company’s recruitment tweet on Twitter.

A few days later, he wrote “It’s a Year to Build,” referencing a Bloomberg interview with a top Galaxy Digital recruiter.

According to the company’s website, Galaxy Digital is currently recruiting analysts for its “FLAG Analyst Program” (Future Leaders at Galaxy), which is scheduled to start in May 2022. According to Galaxy Digital, the job openings include asset management, operations, trading, lending, research, investment banking & advisory, ventures, tech and mining. In the job description, the company states, “Responsibilities vary depending on the team you work with, in addition to an educational program for the full class of FLAG analysts. Candidates should have at least 6 months of work experience and a strong interest in working with cryptocurrency This class will be a key factor in the development of a new economic paradigm.” In return, the company offers applicants, among other things, “ongoing professional development opportunities and hands-on training”, “access to the latest research and trends in the digital asset ecosystem from our team of experts”, “a network of high-performing, motivated colleagues”, and “the chance […]to shape the future of the company and build a strong foundation for a career in cryptocurrency”.

Novogratz sees Galaxy as a growth company in a growth industry

While Galaxy Digital doesn’t write on its website how many people the company plans to hire in this campaign, during the conference call in early November on its company’s latest quarterly results, The Street reports, Novogratz did point out that the workforce had been growing in recent months has grown: “I think it’s really clear to see that this is a growth industry and Galaxy is a growth company. Eighteen months ago, kinda before COVID, or maybe it was two years ago, we were like 80 employees and today the combined Galaxy BitGo unit is 510 people. That’s a lot of growth,” The Street quoted Novogratz as saying.

According to The Street, Galaxy Digital has already invested several million US dollars in companies in the crypto industry and last November CEO Mike Novogratz was very confident about the future – both for the industry and for his company: “As the crypto economy continues to mature and With adoption trends accelerating that are fueling both asset price appreciation and larger amounts of institutional capital, I have never been more optimistic about the future of our company,” said Novogratz.

Of course, it should be noted that at this point, Bitcoin had hit its new all-time high just a few days earlier, on November 10, and has since lost around 40 percent in value. Nevertheless, Bitcoin bull Novogratz seems to be sticking to his opinion.

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