Galaxy Digital CEO on how central banks impact cryptocurrency

"People are going to buy Bitcoin because they're worried about central banks printing too [much] money," Michael Novogratz, Galaxy Digital CEO and chairman, told CNBC's "Squawk Box." "We're in an era now where the central banks and the ministries of finances or the treasury departments are acting as one and that's a really dangerous era, so people want to have hard assets. In the digital world, Bitcoin is the hard asset."