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“Why I’m Bullish” | Mike Novogratz

Bankless

Bankless

Technology, Tech News, News

4.71.2K Ratings

🗓️ 29 July 2024

⏱️ 64 minutes

🧾️ Download transcript

Summary

The herd is coming, or is it already here?

Mike Novogratz needs no introduction for long-time crypto natives. For those that are newer? Mike is a fund manager who was early to bitcoin, very early to ethereum, built an entire digital assets empire called Galaxy Digital and spent the last 10 years evangelizing crypto to Wall Street and more recently, to DC.

We cover how Crypto has evolved from 2014 to 2024, what’s Wall Street’s current perception of our industry, the recent ETH ETF launch, Politics and Macro. Mike also ends the episode giving extremely important advice for young investors so stay tuned.

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TIMESTAMPS

0:00 Intro
4:46 The Herd is Here
14:49 What Changed
20:07 Crypto on Wall Street
32:39 ETH ETF
39:39 Politics
51:27 Macro Outlook
58:10 ETH Narratives
1:03:34 Advice for Youngsters
1:08:20 Galaxy
1:10:24 Closing & Disclaimers

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RESOURCES

Mike Novogratz
https://x.com/novogratz  

Galaxy
https://www.galaxy.com/  

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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures⁠  

Transcript

Click on a timestamp to play from that location

0:00.0

And so I think for our industry, why I'm so bullish is, I think they're both going to come in.

0:05.4

They want these voters.

0:06.8

My dog thing resonated.

0:08.4

I think got cleaned all over the place.

0:10.4

No.

0:11.4

There are 55 million dog owners in America and they're 85 million crypt owners.

0:14.6

That's a crazy stat.

0:16.0

We are at political force. Welcome to Bankless, where we explore the frontier of Internet money and Internet finance.

0:29.0

This is Ryan John Adams.

0:30.0

I got a solo episode for you today. David is out. I'm here to help you become more bankless. The question today, why is Mike Novograt's bullish? We'll answer that in today's episode. Mike, of course, probably needs no introduction for a long-time

0:44.6

bankless listeners and crypto natives, but for those that are newer, Mike is a fun

0:48.8

manager. He was early to

0:54.0

etheorem and he's since built an entire digital asset empire. It's called

0:58.1

Galaxy Digital and he spent the last 10 years of his life so that's an entire decade evangelizing crypto to Wall Street.

1:05.0

At times they thought he was crazy, at times he was prophetic in a good way, and more

1:09.4

recently he's been spending some of that time in DC. It's always a treat to hear from Mike and this is

1:14.6

actually his first time on the Bankless Podcast after all these years. A few things we talk

1:19.0

about, the progress of crypto, why Larry Fink of Black Rock pivoted, the impact of the EDFs, why

1:25.8

Kamala Harris will pivot pro-cripto, if Trump will make Bitcoin a reserve asset and what

1:31.1

that would mean, keeping crypto bipartisan, or at least

1:34.4

nonpartisan, why he's bullish, the macro environment in general, and finally his

1:40.4

advice for crypto investors in their 20s or 30s.

...

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