This episode of The Block podcast host Frank Chaparro and Galaxy Digital CEO Mike Novogratz were recorded remotely. Investors are debating whether the sharp drop is an inevitable market correction, or a sign of something more dangerous, after the price of bitcoin retreated from highs above $40,000. Mike Novogratz, CEO of Galaxy Digital, said that there is no need to worry about this downward adjustment. He said firmly: "I'm pretty sure it's not November 2017" and "the $30,000 mark should be holdable."