From Salesman to Macro Investor: Storytelling as Edge

Insights into the past, present and future of crypto with Mike Novogratz.

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Galaxy Digital founder and CEO Mike Novogratz joins "CoinDesk Spotlight" to discuss why the $38 trillion national debt has created a "golden era" for crypto. Novogratz breaks down the power of the XRP Army, his timeline for a $1 million bitcoin, and Galaxy's IPO journey. Plus, he shares his concerns about a "bull market in populism" and the story of how his ayahuasca trip inspired a scene in the show Billions.

- This content should not be construed or relied upon as investment advice. It is for entertainment and general information purposes. -

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Timestamps:

01:42 - When Did Novogratz First Know Money Mattered?
07:26 - “What’s Cool About Bitcoin Is There’s No CEO”
12:44 - XRP's Fierce Community and Success
14:32 - How Did We Get Here: America's Financial "Tale of Two Cities"
15:47 - How Sustainable Are Crypto Communities?
17:49 - Novogratz's Take on Mamdani and Crypto in NYC
22:15 - Would He Ever Run for Office?
25:38 - Is Crypto at Risk of Replicating Same Challenges From TradFi?
29:26 - His Work on Criminal Justice Reform
33:32 - How Novogratz's Upbringing Shaped Him
37:10 - On Immigration Policy and Where America is Headed
43:16 - Galaxy's IPO
45:19 - Top Crypto Asset Picks
47:33 - On D.C. and When Market Structure Legislation Will Pass
49:43 - "Crypto Is a Report Card on How the Country Is Doing"
52:03 - Can a BTC Treasury Address National Debt? "It’s Kind of Smoke and Mirrors"
53:35 - Novogratz's Most Rewarding Project
57:28 - Advice to His Younger Self
59:36 - Where Did His Intense Risk Appetite Come From?
01:01:14 - The Ayahuasca Journey That Inspired 'Billions'

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This episode was hosted by Jennifer Sanasie. “CoinDesk Spotlight” is produced by Sam Ewen, Jennifer Sanasie, Taylor Fleming and Victor Chen.