Mike Novogratz Warns Against Seeing Black Swans Everywhere Following Ftx Crash
Indeed, Novogratz believes that one crypto platform’s collapse doesn’t mean that the entire sector is filled with ‘black swans’ and criminals, as he told CNBC’s Squawk Box host Joe Kernen in an interview published on December 15. Specifically, he commented on the recent sell-off, stating that Bitcoin (BTC) remains a volatile asset but also that, despite the FTX crashing: ‘Black swan’ events With ‘black swan,’ Novogratz was referring to the common financial vernacular used to describe an anomalous and unexpected event with disproportionate consequences on future developments, often rationalized as predictable in hindsight after the event had already transpired....