Mike Novogratz, Founder and CEO of Galaxy Digital: A Billionaire on Why Crypto

The Pomp Podcast

Anthony Pompliano

Business, Investing

4.8 • 1.9K Ratings

🗓️ 25 March 2019

⏱️ 82 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Mike Novogratz is the Founder and CEO of Galaxy Digital. In this conversation, Mike and Anthony Pompliano discuss Mike's time at Goldman Sachs and Fortress, how he lost billionaire status, and what that meant, the criminal justice system and bail reform, his thoughts on privacy and surveillance, and what he believes the future of crypto looks like. ----- Join the Off the Chain newsletter. Pomp's daily email analyzes the crypto market for institutional investors. Simply, it’s the best crypto newsletter delivered to your inbox every morning. No frills. No bullsh*t. Just everything you need to know in a 3-minute read. https://offthechain.substack.com/ ---- Totle is a rare blockchain investment opportunity, one that offers a live product, active customers, an established revenue model. Totle solves three significant problems with blockchain asset exchange: 1) Security 2) Complexity and 3) Pricing. Over $4 trillion of blockchain assets were exchanged in 2018 and growth is forecast for at least the next 10 years. Totle’s sophisticated platform powers the blockchain economy with safe, simple decentralized asset exchanges at the best price for traders, wallets, businesses and other financial apps. Totle’s B2C Web App and B2B API are live and serving customers today. Visit totle.com/pomp for more info. ----- BlockFi allows you to keep your crypto, put it up as collateral, and receive a USD loan funded directly to your bank account. They do loans ranging from $2,000 to $10,000,000, and they're perfect for helping you reach your financial goals of all sizes. Visit BlockFi.com/Pomp to learn more about putting your crypto to work without having to sell it. ----- ZenLedger simplifies crypto taxes for investors and CPAs. We provide the best software for importing crypto transactions, calculating gains and income, and auto-completing tax forms like 8949, Schedule D and FinCEN. If you had losses in your crypto investments, ZenLedger can help you save up to $3,000 on your income taxes, with our tax loss harvesting tool. ZenLedger is also a TurboTax partner and has the best support for EOS owners. Finally, a simple tax tool that saves you a ton of time and headache!Visit Zenledger.io/OffTheChain to get your taxes done with ease, and as an Off the Chain listener, save 20% of your 2018 tax forms! ----- If you enjoyed this conversation, share it with your colleagues & friends, rate, review, and subscribe. This podcast is presented by BlockWorks Group. For exclusive content and events that provide insights into the crypto and blockchain space, visit them at: https://www.blockworksgroup.io

Transcript

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0:00.0	What's up, everyone? This is Anthony Pompliano. Most of you know me as Pomp. You're listening to Off the Chain, simply the best podcasting crypto. Let's kick this thing off.
0:12.9	Mike Novagrots is the founder and CEO of Galaxy Digital. In this conversation, we talk about his time at Goldman Sachs and Fortress, how he lost billionaire status and what that meant, criminal justice system, and bail reform, his thoughts on privacy and surveillance, and what he believes the future of crypto looks like. I really enjoyed this conversation, and Mike is one of the most thoughtful people in the space.
0:38.5	I hope you enjoy this conversation as well.
0:42.3	I'm sure a lot of you have used kayak to find the best flight.
0:45.9	Total's kind of like kayak, but it don't find you no flights.
0:49.0	It helps you find liquidity on decentralized exchanges
0:51.4	and it optimally routes your trades for execution.
0:54.2	So kayak, you find flights.
0:56.4	Total, they help you find liquidity.
0:58.4	We should get kayak on for this spot that I'm providing them,
1:01.4	but Total instead is our advertiser.
1:03.2	And you should go visit total.com slash pomp.
1:05.9	Again, that's total.com slash pomp.
1:08.2	And let them know that I sent you.
1:10.1	Tell them you love their product. Take a
1:11.8	screenshot, tweet it at me. I'll drop you some fire emojis and then we'll all be happy. So
1:16.4	total.com slash pomp. Boom. Another ad. As many of you know, crypto investors store their digital
1:22.6	assets on exchanges or in cold storage for long-term safekeeping. However, this strategy doesn't help them grow their investment holdings or build overall wealth.
1:31.2	With the new BlockFi interest account, users can now securely store their Bitcoin or Ether at BlockFi
1:36.5	and receive 6% annual interest paid monthly in cryptocurrency.
1:41.1	6% is an absurdly high rate.
1:43.7	It's the best rate in the industry. I highly
	...

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