Voyager Digital: CEO Steve Ehrlich goes into Survival Mode
The crypto market is having a tough time and Voyager Digital Ltd has not been able to avoid getting dragged in. Back in November 2021, the total crypto market was worth around $3tn. However, after a series of events including the war in Ukraine, rising interest rates and the collapse of Terra (LUNA), it’s now worth less than a third of that. Global stock markets are also way down, but not by the same amount. The main reason is that crypto is still a risky asset class and there’s not so much ‘cheap’ money around. At times of uncertainty, many investors stay … Read more