Apollo’s Moy Says Crypto Startup Valuations Still Have Room to Fall

Crypto startup valuations still have room to fall after getting “a little ridiculous,” said Christine Moy, head of digital assets for investment firm Apollo Global Management.

“Valuations are more reasonable, but I think that the broader macroeconomic picture can still have a real downside impact on crypto,” Moy said in an interview at The Information’s annual Women in Tech, Media and Finance summit in Menlo Park, Calif.