Unconfirmed: Mike Novogratz on the 5 Reasons the Crypto Markets Plummeted - Ep.239

Unchained

Laura Shin

News, Tech News, Business News

4.6 • 1.3K Ratings

🗓️ 21 May 2021

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Mike Novogratz, founder, CEO, and chairman of Galaxy Digital, digs into the drivers behind this week’s market selloff. Show highlights: the five factors Mike believes led to this week’s dip what Mike thinks about the environmental concerns surrounding Bitcoin how Ethereum will perform in 2021 whether centralized blockchains will survive regulatory scrutiny why Galaxy Digital made its $1 billion acquisition of BitGo what sort of projects Galaxy Digital is mulling in the DeFi space when Mike thinks a bitcoin ETF could be approved Mike’s 2021 bitcoin price prediction Thank you to our sponsors! Crypto.com: https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2021 Tezos: https://tezos.com/discover?utm_source=laura-shin&utm_medium=podcast-sponsorship-unconfirmed&utm_campaign=tezos-campaign&utm_content=hero NEAR: https://near.org Episode Links Mike Novogratz: https://twitter.com/novogratz Galaxy Digital: https://www.galaxydigital.io Recommend Reads: Galaxy Digital BitGo purchase https://www.coindesk.com/galaxy-digital-to-buy-bitgo-for-about-1-2-billion-in-stock-cash SEC skepticism regarding bitcoin ETF https://www.coindesk.com/sec-warns-mutual-fund-investors-of-bitcoin-futures-risks Galaxy Digital 2021 Q1 results https://www.coindesk.com/galaxy-digital-q1-aum-rose-58-net-comprehensive-income-more-than-doubles Galaxy Digital bitcoin ETF https://www.coindesk.com/galaxy-digital-files-for-us-bitcoin-etf Youtube energy consumption https://www.iea.org/commentaries/the-carbon-footprint-of-streaming-video-fact-checking-the-headlines https://thefactsource.com/how-much-electricity-does-youtube-use/ Dapper Labs lawsuit https://www.forbes.com/sites/andreatinianow/2021/05/17/no-slam-dunk-for-plaintiffs-in-nba-top-shot-moments-class-action-lawsuit/?sh=be89ec3df3da Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hi everyone, welcome to Unconfirmed, the show that reveals how the marketing names in
0:07.8	crypto are reacting to the week's top headlines and gets the inside skip on what they see
0:11.5	on their horizon.
0:12.5	I'm your host Laura Shin, a journalist with over two decades of experience.
0:16.3	I started covering crypto six years ago and as a senior editor Forbes was the first
0:20.4	mainstream leader of quarter to cover crypto currency full-time.
0:24.2	Head to UnchainedPodcast.com where you can sign up for my daily newsletter and dare
0:29.0	you can also find out about my upcoming book and where you can make free orders at
0:33.3	to UnchainedPodcast.com and let's sign up for the email newsletter is right on the homepage.
0:38.4	TASOS is smart money that's redefining what it means to hold an exchange value in a digitally
0:43.0	connected world.
0:44.7	Discover how people are reimagining the world around you on TASOS.
0:49.0	The Crypto.com app pays you up to 8.5% interest on your Bitcoin.
0:53.5	Get $25 when you download the Crypto.com app with code Laura.
0:58.0	The link is in the description.
1:00.3	Near is an open source platform that accelerates the development of decentralized applications.
1:06.0	Overcoming high fees and slow speeds with its fast, scalable, low cost and climate neutral
1:11.1	blockchain protocol.
1:13.0	Learn more at NEAR.org.
1:14.0	Today's guest is Mike Novagratz, CEO of Galaxy Digital.
1:20.6	Look a mic.
1:21.6	How are you doing Laura?
	...

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