According to FXStreet, Galaxy Digital CEO Michael Novogratz has lowered some expectations for the encryption industry, but he remains optimistic about the basic assumptions of digital assets. At the Reuters Global Investment Outlook 2020 Summit in New York, he said: "My ambitions for this industry have been somewhat ruined by reality. I think it will take longer than expected to achieve industry prosperity. But this will happen." In addition, Novogratz believes that cryptocurrency will play an important role in everyday life and specifically mentions the Libra project, which calls the project to integrate blockchain technology into existing financial services.