🚨 No More Easy Money in Crypto, Warns Galaxy CEO Mike Novogratz

Mike Novogratz, the CEO of Galaxy Digital and a longtime crypto advocate, recently shared his latest take on the current state of the crypto market—specifically, the surge in crypto treasuries.

According to Novogratz, the wave of companies raising funds and launching tokens with massive treasuries is likely behind us. He noted that the trend reached its peak recently, and from here on, the pace of new token launches backed by huge funding rounds will slow down.

Novogratz emphasized that many of these treasury-heavy projects have already been funded and are now in the execution phase. The market has become more selective, and investors are no longer throwing money at every new idea that promises Web3 innovation or DeFi revolution.

He added that this doesn’t signal the end of growth or innovation in crypto—but it’s a clear shift from hype-driven funding to more grounded development. As he put it, "People are now looking for results, not just roadmaps."

This prediction aligns with recent trends showing that investors are getting more cautious, especially after seeing several overfunded projects fail to deliver. The focus now seems to be on sustainability, utility, and real-world adoption.

Mike’s message is simple: If you're building in crypto, the era of easy money might be over. It’s time to prove your worth.