Galaxy's Data Center Opportunity and AI CapEx

This week Mike Novogratz joins the show to reflect on his path from a successful trading career to building and running Galaxy. We deep dive into the state of markets, what defines the most successful macro traders, Galaxy's AI data center opportunity, running a public company & more. Enjoy!

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Timestamps:

(00:00) Introduction

(06:32) Mike's Outlook For Markets in 2025

(14:53) Are Markets Frothy, AI Capex & The Minsky Moment

(24:26) Ads (Blockdaemon, Peaq)

(25:36) What Will The Next Four Years For Crypto Look Like?

(30:44) What Makes The Most Successful Macro Traders?

(40:25) Ads (Blockdaemon, Peaq)

(41:35) Hyperliquid

(44:19) The AI Data Center Buildout

(54:34) Ads (Mantle, Geodnet)

(55:59) Galaxy's Crypto Business

(59:06) Tokenizing Galaxy's Stock

(01:03:14) Running A Public Company & The IPO Window

(01:07:03) Final Thoughts

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Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.