CEO of crypto merchant bank Galaxy Digital Michael Novogratz said that vegetarian meat startup Beyond Meat (NASDAQ:BYND) reminds him of cryptocurrencies in 2017, in an interview with CNBC published on August 1.
During the interview, Novogratz declared that Beyond Meat reminds him of the state of the crypto market in 2017, suggesting that the price is in bubble territory given its parabolic rise this summer.