Novogratz: 'More Damage to Be Done' After Crypto Rout

The video discusses the recent decline in the crypto market, focusing on Bitcoin's performance and the impact of stable coins like UST. Mike Novogratz provides insights into market correlations, investment trends, and the role of institutional investors. The discussion also covers the future of crypto, market dynamics, and the potential effects of a recession on crypto adoption.

What significant event occurred on Monday regarding Bitcoin's value?

How much did Bitcoin decline over the last couple of days?

What concerns were raised about UST and its relation to the dollar?

What correlation was observed between Bitcoin and the NASDAQ?

What is the medium-term outlook for Bitcoin according to Mike Novogratz?

What impact does the current market tumult have on institutional investors?

How might a recession affect the cryptocurrency market according to the discussion?