Crypto Leverage

American billionaire investor Mike Novogratz has acknowledged that he was wrong about the size of leverage in the crypto space. During the Bloomberg Crypto Summit on July 19, Novogratz said the recent crypto crash is a full-fledged credit crisis. He added that this crisis has hurt confidence in crypto. [embed]https://www.youtube.com/watch?v=DtFucHueMG8[/embed] Novogratz, who currently serves as the founder and CEO of Galaxy Digital, said: What I don’t think people expected was the magnitude of losses that would show up in professional…