Founder of Galaxy Digital: Most companies need a long time to grow, "encrypted unicorn" is still in the pipeline

Mike Novogratz, founder and CEO of Galaxy Digital, recently said that every company wants to be the next unicorn, but it takes time to grow (like Peloton). Most companies take years to realize their potential, which means that there is still a long way to go before the real expansion of the encryption space in 2016. Novogratz said: "It takes a long time to develop a great business, even for those unicorn companies. And we (Galaxy Digital) are less than 18 months old."