Mike Novogratz on BTC, Immigration, and the Ayahuasca Trip That Inspired Billions | Spotlight
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Advice to Young Self: Embrace Failure and Risk
Mike advises his younger self to fear failure less, take risks, and shares lessons from career setbacks and resilience.
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.
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