Mike Novogratz: Galaxy Digital – Bridging Crypto and Institutional Worlds
Epicenter - Learn about Crypto, Blockchain, Ethereum, Bitcoin and Distributed Technologies
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The One Rule of Finance, There's No Free Lunch, Right?
The one rule of finances, there's no free lunch, right? You're getting yeald ecause you're taking credit risk in a counterparty that's unregulated. And so i think there sometimes is a niavate that there's a free unch out here. But the rules of the universe still hold. Too much levers will get you killed. Acid liability, mis match will get you Killed. Those are the two biggest ways to go out of business and lose your head. Euphoria and fear exist in traditional finance. It will exist in crypto. In a lot of ways, it's a new weapon for investors. It's a new instrument, a new asset. But it
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