The CEO of digital asset merchant bank Galaxy Digital has expressed his curiosity in a recent tweet, asking Crypto Twitter about its bull case and use cases while questioning the size of the cryptocurrency’s market cap:
Does anyone build on it? Use it? Why is market cap so high? Should it be a funding asset?
He also confessed that Cardano is one of the very few cryptocurrencies that he has yet to trade.
Apart from Bitcoin (BTC) and Ethereum (ETH), Novogratz—one of the first Wall Streeters to embrace the crypto industry—has also gotten behind some names in decentralized finance (DeFi). In a January interview with rapper Lil Yachty, he mentioned that the likes of Aave (AAVE) and Chainlink (LINK) could make a splash in the financial industry.